Push for anti-CBDC bill could derail stablecoin bill support, says TD Cowen | Headlines | News | CoinMarketCap
04/01/2024 22:25
House Republicans' push for an anti-central bank digital currency bill could disrupt bipartisan support for a stablecoin bill, according to …
House Republicans' push for an anti-central bank digital currency bill could disrupt bipartisan support for a stablecoin bill, according to investment bank TD Cowen.
The CBDC Anti-Surveillance State Act, introduced by House Majority Whip Tom Emmer, R-Minn., last year would block the Federal Reserve from issuing a CBDC directly to individuals. The bill advanced out of the House Financial Services Committee in September with heavy criticism from Democrats.
Those close to the situation say House conservatives are in talks to potentially vote for the CBDC bill alongside a long-sought-after stablecoin bill, according to Politico. Rep. Emmer did not immediately respond to a request for comment about a possible vote.
"Our concern is that linking a ban on a digital dollar to …