Trump dey revive Crypto Week, dey push stablecoin and CBDC ban bills
House Republicans don launch Crypto Week to fast-track three major bills: GENIUS Act for overseeing stablecoins, Digital Asset Market Clarity Act to define SEC and CFTC roles, and Anti-CBDC Surveillance State Act to ban Fed-backed digital dollar. One procedural vote stall at 196-223 as 13 Freedom Caucus members join Democrats due to no explicit CBDC ban. President Trump show up, meet the dissenting lawmakers, and get their commitment to support rules vote to revive Crypto Week agenda. Senate don already pass the GENIUS Act, now only House vote dey stand between these bills and president table. Traders suppose watch the pass outcome well well because faster stablecoin regulation and CBDC ban fit change market stability and compliance.
Bullish
Dis kain development beta for di cryptocurrency market. For short term, traders fit see increased wahala around di key House votes for di GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act because people no sure how stablecoin go be monitored and di CBDC ban dey cause speculative trading. For long term, if dem pass stablecoin regulation and ban retail CBDC clearly, e go reduce regulatory wahala and kill possible competition from Fed-backed digital dollar. Clear guidelines for issuers plus defined SEC and CFTC responsibilities fit improve market liquidity, encourage institutional participation, and strengthen compliance. Overall, clear rules and CBDC restrictions go likely support stablecoin growth and wider crypto adoption.