US House Committee Dey Push Anti-CBDC Law Forward Ontop Privacy Palava
On April 2, 2025, di US House Financial Services Committee approve di CBDC Anti-Surveillance State Act wit 27-22 vote, wey carry am go full House vote. Di bill, wey Representative Tom Emmer bring, dey try stop federal agencies, including di Federal Reserve, from issuing or using digital dollar, wit support from banking and blockchain sectors wey dey put privacy first. Wetin Senator Ted Cruz dey do for Senate dey show say dem dey worry about government overreach and how e fit scatter traditional banking. On top of dat, stablecoin regulation bill dey move forward, wey dey aim to set up federal oversight and make sure say dem wey dey issue am dey follow rules, wey show say regulatory discussions dey go on wey fit affect di future of digital currencies for US.
Bearish
Di move wey dem wan use law block CBDCs for US show say people dey worry more about privacy and how government dey overdo, e fit make dem no too accept and develop CBDCs. Dis one fit make traders dey fear, and e fit affect how market dey feel generally. For short time, di law wey dem dey use fight am fit make people no too like Fed-backed digital currencies, and e fit affect market innovation. But di way dem dey improve stablecoin regulations dey give hope for stability and structured environment, and dat one fit reduce di bearish effects for long time.