GOP hardliners vexed as defense bill advances without CBDC ban
GOP hardliners are frustrated after the massive defense bill passed the House without the promised ban on central bank digital currencies (CBDCs).Summary
Republican hardliners expressed frustration after the US House passed the $900 billion National Defense Authorization Act (NDAA) without including a promised ban on central bank digital currencies (CBDCs). GOP Representative Keith Self stated that the promise to include strong anti-CBDC language was broken, noting his amendment to reintroduce the ban failed to get a vote. This $900 billion bill is considered must-pass legislation. Earlier in July, House Republican leaders had agreed to include the CBDC ban in the defense bill after hardliners blocked three crypto bills, including the stablecoin-regulating GENIUS Act, until the ban was guaranteed. An earlier version of the NDAA included language banning the Federal Reserve from developing or issuing any digital currency or asset, but this was removed during amendments. Despite the setback, Self vowed to continue fighting for a CBDC ban in future must-pass legislation.
(Source：Cointelegraph)