GOP Hardliners Fume as Defense Bill Advances Without CBDC Ban

Published at 2025-12-11 05:45:33

A contested provision that would have explicitly prohibited a U.S. central bank digital currency (CBDC) was left out of a must-pass defense package moving to the Senate, drawing sharp criticism from GOP hardliners who say leadership promised the ban. The omission has prompted calls for amendments and warnings from conservative lawmakers that they may withhold support or press for separate measures to block any federal digital currency effort. The development matters because the defense bill is widely viewed as one of the few vehicles that can carry major policy riders into law this session. With the CBDC language sidelined, the crypto community and fiscal conservatives remain uncertain about the federal government’s next steps; senators now face pressure to either reintroduce restrictions or negotiate broader compromises before final passage.

Share on:

Related news

Trump’s New Attorney General Owned Bitcoin, Signals Mixed Crypto Record

Todd Blanche owned bitcoin and last year instructed staff to ease off crypto developers even as prosecutions of industry figures continued. The contrast underscores a conflicted DOJ posture that could keep uncertainty high for crypto firms and investors.

BIS CBDC Architect Hyun Song Shin Nominated as Bank of Korea Governor

Hyun Song Shin, a 12-year veteran of the Bank for International Settlements who helped shape central bank thinking on CBDCs, was nominated on March 22 by President Lee Jae-myung to lead the Bank of Korea. His appointment could speed South Korea's digital currency efforts and deepen coordination with global regulators.

David Sacks Exits White House Crypto Role as Key Bills Remain Unfinished

David Sacks has left his White House crypto post but will continue advising on technology policy. His departure comes as Congress considers market-structure legislation central to the administration’s crypto agenda.

Published at 2026-03-26 23:00:33
Coinbase Urges Congress to Overhaul Outdated U.S. Crypto Tax Rules

Coinbase is intensifying its push for Congress to modernize how digital assets are taxed, saying current rules are outdated and create compliance headaches. The exchange frames the effort as constructive engagement to reduce taxpayer confusion and align tax policy with market realities.

Published at 2026-03-26 22:31:28
ECB Sets Mid-2026 Deadline for Digital Euro Regulatory Framework

The European Central Bank has set a mid-2026 deadline to finalise EU-wide standards for the digital euro, giving financial service providers time to adapt systems ahead of any issuance decision.

Published at 2026-03-25 12:00:32