Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»TD Cowen said the push for anti-CBDC legislation could end support for stablecoin legislation.
ADOPTION NEWS

TD Cowen said the push for anti-CBDC legislation could end support for stablecoin legislation.

By Crypto FlexsApril 1, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
TD Cowen said the push for anti-CBDC legislation could end support for stablecoin legislation.
Share
Facebook Twitter LinkedIn Pinterest Email

House Republicans’ push for anti-central bank digital currency legislation could hinder bipartisan support for stablecoin legislation, according to investment bank TD Cowen.

The Anti-CBDC Surveillance Act, introduced last year by House Majority Leader Tom Emmer (R-Minn.), would block the Federal Reserve from issuing CBDCs directly to individuals. bill advanced Last September, he voluntarily withdrew from the House Financial Services Committee amid harsh criticism from Democrats.

People close to the situation said House conservatives are discussing potentially voting on a CBDC bill along with a long-awaited stablecoin bill. Politico. Rep. Emmer did not immediately respond to a request for comment on the possible vote.

“Democrats generally see value in at least exploring central bank cryptocurrencies, so linking a digital dollar ban to a stablecoin bill could undermine bipartisan support for the bill,” said TD Cowen Washington Research Group, led by Jaret. “It’s our concern,” he said. Seiberg, On a note on Monday.

The top Democrats on the House Financial Services Committee, Maxine Waters, D-Calif., and Chairman Patrick McHenry, R-N.C., have been discussing for years to reach a compromise on legislation to regulate stablecoins. The bill passed the House Financial Services Committee but ran into difficulties. supply This allows state regulators to approve stablecoin issuance without input from the Federal Reserve.

Since then, Waters and McHenry have seen each other more frequently. disagreement It remains to be seen who the primary regulators of stablecoin issuers will be.

“I’m not willing to declare that stablecoin legislation is in trouble yet, but it’s very difficult to get any legislation passed,” TD Cowen said. “This is why we view any development that complicates stablecoin legislation as further narrowing the path to enactment.”

The central bank has been exploring the possibility of issuing a CBDC and announced one last year. report The pros and cons were explored, but central bank officials gave up. cold water About ideas from the past.

Federal Reserve Chairman Powell told lawmakers last month that the Fed was “nowhere close” to recommending or adopting a CBDC and insisted the central bank would not issue one without congressional approval.

The Heritage Foundation’s Scorecard

The Heritage Foundation has been pressuring lawmakers to pass CBDC legislation and urged lawmakers to co-sponsor legislation in February, warning that if they did not, their Heritage Action Scorecard scores would be “negatively impacted.”

that much scorecardTD Cowen’s note compares conservative lawmakers to the priorities of the right-wing political sector, showing how much they outweigh voters.

Sen. Ted Cruz, R-Texas, also introduction This is a CBDC ban bill approved by the Heritage Foundation and the Blockchain Association.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Avalon Labs announced AVL tokens and BYBIT listing.

February 11, 2025

What L2s like Optimism, Base, and Arbitrum will look like in May

May 4, 2024

The XRP price eye is released in 70% rally Coinbase ahead of the CFTC regulatory gift launch.

April 21, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.