The Breakdown CBDC Fears Derail Stablecoin Bill
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Jul 17, 2025 Tensions rise in Washington as internal GOP conflicts threaten key crypto legislation amid fears of central bank digital currencies. The House Freedom Caucus expresses strong opposition, casting uncertainty over the future of three significant bills. Experts discuss how clear regulations could mitigate risks in the crypto landscape, while inflation data complicates the Federal Reserve's next moves. The episode navigates the intricacies of economic policy, tariffs, and their impacts on consumer prices, raising crucial questions for the cryptocurrency sector.
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Freedom Caucus Halts Crypto Bills
- The House Freedom Caucus blocked crypto bills over lack of strong CBDC protections in the Genius Act.
- They demand no legislation pass without a hard ban on central bank digital currencies.
No Easy Concessions for CBDC Ban
- GOP leaders avoid adding anti-CBDC amendments fearing it risks the entire crypto agenda.
- The Freedom Caucus uses leverage to demand a comprehensive approach to CBDC in legislation.
Trump Pushes GOP Unity on Crypto
- Despite initial resistance, Trump rallied MAGA Republicans to support the Genius Act.
- The procedural vote failure was a temporary speed bump, not a permanent roadblock.