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.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin