"If a CBDC ban provision is added to the CLARITY Act, passage of the bill remains uncertain"

Source
JH Kim

Summary

  • It was reported that the vote on the digital asset-related bill in the US House is being delayed.
  • It was stated that concerns have been raised that if the CBDC ban provision is added to the CLARITY Act, there could be a loss of support from some Democratic lawmakers.
  • Due to this, the likelihood of the virtual asset regulatory bill passing the House has become uncertain, and urgent strategic coordination is needed for the Republican Party.

On the 16th (local time), Eleanor Terrett, the host of Crypto in America, commented on the background behind the delay in the House vote on digital asset-related legislation in the US, stating, "There is ongoing disagreement within the Republican Party over whether to consolidate the two bills for the vote."

Specifically, it has been reported that there is a discussion to include a provision banning Central Bank Digital Currency (CBDC) in the digital asset market structure bill (CLARITY Act), but there is concern that this could result in losing the support of some Democratic lawmakers.

As a result, the chances of the virtual asset (cryptocurrency) regulatory bill passing the House have become uncertain, and there are indications that strategic coordination within the Republican Party is urgently needed.

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JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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