Exploring the Impact of the CBDC Anti-Surveillance State Act on the Federal Reserve 🏛️
Discover how the US House approved a bill preventing the Federal Reserve from launching a digital dollar without explicit Congressional approval.
House Delivers for Crypto, Denies Fed Power Over Digital Dollar 🪙
Uncover the notable victory the crypto market achieved as the House passed a bill restricting the Fed’s authority to introduce a digital dollar.
- Significant difference from the previous floor vote
- Enhanced crypto market restructure
- Increased authority for the US Commodity Futures Trading Commission
- Securities and Exchange Commission’s role in managing digital assets
Industry Rejoices, But Can FIT21 Pass Biden’s Scrutiny? 🎉
Understand the success of the FIT21 bill in the House and the challenges it faces for future Senate approval and President Biden’s scrutiny.
- Landing a historic milestone for crypto market regulation
- Need for a Senate companion version
- Potential opposition from critics like Senator Elizabeth Warren
- Biden’s concern about consumer protections in FIT21
Hot Take 🔥
Stay tuned as the journey of the CBDC Anti-Surveillance State Act and FIT21 unfolds, shaping the future of digital assets and government regulations in the crypto space.
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