The U.S. House of Representatives just passed this year's National Defense Authorization Act (NDAA) with an overwhelming vote of 312 to 112. Now it’s up to the Senate. But there’s a dramatic twist — the previously agreed-upon ban on central bank digital currencies (CBDC) was nowhere to be found at the last minute.
This has outraged the hardline factions within the Republican Party. Back in July, the party leadership had assured these conservative members that the CBDC ban would definitely be included in the NDAA. Now that the bill has passed, that promise has turned into an empty check, which is why they’re furious.
The debate over whether to restrict the issuance of digital currencies by the central bank seems destined to continue on Capitol Hill.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
8
Repost
Share
Comment
0/400
digital_archaeologist
· 21h ago
A promise to forget in just one second—that's Washington... The CBDC ban was scrapped so quickly, indicating that someone behind the scenes is definitely pushing for it.
View OriginalReply0
TokenDustCollector
· 12-11 06:30
It's another classic Congressional move. Where's the promised ban? Just a scam to get something for nothing.
View OriginalReply0
MEVSandwich
· 12-11 06:29
Another grand drama on the international stage, where is the promised CBDC ban? Just pie in the sky to appease hunger.
View OriginalReply0
NoodlesOrTokens
· 12-11 06:28
Bounced checks are out, politicians are best at this trick
View OriginalReply0
LayerZeroEnjoyer
· 12-11 06:25
A typical political compromise drama, the CBDC ban was just scrapped like that. The Republican conservatives must feel so frustrated.
View OriginalReply0
GhostChainLoyalist
· 12-11 06:23
It's the same old story. The promised things never materialize, and the show on Capitol Hill is truly remarkable.
View OriginalReply0
TradFiRefugee
· 12-11 06:17
Same old trick again, promises are as worthless as farting, just trying to fool us?
View OriginalReply0
TokenomicsShaman
· 12-11 06:13
Another missed deadline, these people really treat promises as jokes.
The U.S. House of Representatives just passed this year's National Defense Authorization Act (NDAA) with an overwhelming vote of 312 to 112. Now it’s up to the Senate. But there’s a dramatic twist — the previously agreed-upon ban on central bank digital currencies (CBDC) was nowhere to be found at the last minute.
This has outraged the hardline factions within the Republican Party. Back in July, the party leadership had assured these conservative members that the CBDC ban would definitely be included in the NDAA. Now that the bill has passed, that promise has turned into an empty check, which is why they’re furious.
The debate over whether to restrict the issuance of digital currencies by the central bank seems destined to continue on Capitol Hill.