Editor's PiCK
U.S. House passes bill banning CBDC... All three major digital asset bills clear House
JH Kim
Summary
- It was reported that the United States House of Representatives passed the CBDC prohibition bill.
- The bill states that the Fed is prohibited from directly offering CBDC-related products or services to citizens.
- The stablecoin regulation bill, the digital asset market structure bill, and the CBDC prohibition bill have all passed the House and await President Trump's signature.
According to Watcher Guru, a crypto-focused media outlet, the United States House of Representatives has passed a bill prohibiting the Central Bank Digital Currency (CBDC).
This bill prohibits the Federal Reserve (Fed) from directly offering certain products or services, considered core elements of a CBDC, to U.S. citizens.
With this vote, all three major bills that comprehensively address the digital asset industry—the stablecoin regulation bill 'GENIUS Act,' the digital asset market structure bill 'CLARITY Act,' and the CBDC prohibition bill—have passed the House.
These bills now await only President Donald Trump's final signature.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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