‘Crypto Week’ saved? House passes key bills after CBDC deal with Trump
2025-07-17 19:11:31
Main Idea
The U.S. House passed key cryptocurrency-related bills after a compromise involving the separation of a CBDC ban into a defense package, with President Trump's support, marking a potential breakthrough for crypto legislation.
Key Points
1. House Republicans advanced key crypto bills by separating the CBDC ban into a defense package, following negotiations involving President Trump.
2. The breakthrough came after GOP hard-liners dropped opposition to merging the bipartisan CLARITY Act with an anti-CBDC bill, fearing it would lose Democratic support.
3. President Trump was briefed on the agreement and expressed approval, while House Speaker Johnson hailed the move as breaking the legislative logjam.
4. The House is likely to vote on the Senate-backed GENIUS Act, focusing on stablecoin oversight, which could become the first major crypto legislation to reach Trump's desk.
5. The agreement reflects a strategic compromise to advance crypto legislation while addressing concerns about CBDC surveillance powers.
Description
Crypto legislation was on the verge of collapse, until a controversial compromise turned the tide. But at what cost?
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