U.S. House Reattaches Anti-CBDC Bill to CLARITY Act
- U.S. House merges Anti-CBDC bill with CLARITY Act.
- Move aims to streamline digital asset regulation.
- Bipartisan support behind the legislative effort.
The U.S. House of Representatives reinstated the Anti-CBDC bill into the CLARITY Act, aiming to shape digital asset regulation and oppose a Federal Reserve-issued CBDC.
This legislative maneuver holds significance by potentially stabilizing crypto markets through clearer regulations, impacting BTC, ETH, and other digital assets, as it proceeds to the Senate.
U.S. House Reattaches Anti-CBDC Bill to CLARITY Act
The U.S. House of Representatives has reattached the Anti-CBDC bill to the CLARITY Act, combining both into a single package. This procedural change aims to streamline regulation of digital assets and signals opposition to a Federal Reserve-issued CBDC.
Key legislators include French Hill, Chairman of the House Financial Services Committee, and Senate Banking Committee Chair Tim Scott. Their collaboration facilitates the legislation’s transition through Congress, reflecting bipartisan intent to reform crypto market rules.
“The House stands ready to work with Senate Banking Chair Tim Scott and Senator Cynthia Lummis on a path forward to get the combined provisions signed into law.” — French Hill, Chairman, House Financial Services Committee
The procedural move aims to shape regulatory clarity and the business environment for U.S.-based digital assets, impacting markets indirectly through sentiment and regulatory anticipation. There’s no immediate observable influence on Total Value Locked or staking flows.
Although not directly allocated funding or grants, this aligns with broader efforts to address potential Federal Reserve CBDC development. Political momentum suggests an integrated approach to crypto oversight, with economic and governance tokens potentially affected by deregulation.
No significant GitHub activity or developer commentary pertaining to this legislative update has emerged. Regulatory adjustments may lead to clarity in legal definitions and possibly affect exchange registrations and project developments.
Historical trends indicate U.S. legislative actions impact digital asset price volatility. The effect on Bitcoin and Ethereum prices and sentiment is noted, especially amidst significant market exposure. Trends from previous draft bills exhibit similar responses.
