Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Recently, there has been new activity in the U.S. political scene.
28 Republican House members sent a letter to Speaker Mike Johnson in early March, directly threatening to block a bipartisan housing bill unless a permanent ban on CBDCs is included.
This bill called the 21st Century ROAD to Housing was originally intended to address the soaring housing costs in the U.S., involving measures like speeding up environmental reviews and increasing loan limits.
It sounds like a good social welfare project, but the Republicans want to use it as leverage.
What is their reasoning? The Republicans claim that CBDCs threaten financial privacy and will expand the Federal Reserve’s surveillance powers.
In other words, they are very cautious about central bank digital currencies.
This isn’t the first time; Representative Tom Emmer previously proposed a similar ban bill.
The current issue is that the original ban on CBDCs in the bill expires in 2030, but the Republicans insist on making it a permanent ban.
If this demand isn’t met, they will block the entire housing bill.
As a result, a project originally aimed at helping Americans with housing issues could be stalled over CBDC concerns.
From the crypto community’s perspective, this reflects a deeply divided attitude in U.S. politics toward CBDCs.
Some see CBDCs as an inevitable trend of financial innovation, while others view them as a symbol of government power expansion.
The tug-of-war over CBDCs will continue, and a definitive conclusion is unlikely in the short term.