Wyoming’s Stablecoin Promoted as Yield-Generating Option to CBDC Regulation
Simply put Wyoming’s stable token, WYST, isn’t designed to generate yields immediately, but it has the capacity to allow that functionality in the future, according to Wyoming Senator Chris Rothfuss. The Wyoming Blockchain Selection Committee has pushed for the issuance of WYST to avoid acting as a political or financial gatekeeper. While the Genius Act […]
Uncertainty surrounds crypto and CBDC legislation as Congress goes on break
Last week, Republican lawmakers and President Donald Trump managed to set aside some internal disagreements to advance three cryptocurrency bills through the House. However, there’s still a long way to go before these bills can become law. During two lengthy sessions, almost all Republicans rallied in favor of the US Innovation (Genius) Act on Thursday. […]
US Lawmaker raises concerns about the GENIUS bill, calling it a hidden CBDC threat
US Representative Marjorie Taylor Green has expressed concerns that the newly proposed stubcoin bill may serve as a “backdoor” for the government to effectively deploy a central bank digital currency (CBDC), masking it as privately issued crypto tokens. She pointed out that regulated stubcoins possess “functional surveillance capabilities” and are virtually indistinguishable from CBDCs. In […]
Crypto Week Legislation Delays Due to Calls for CBDC Ban
A legislative initiative known as “Crypto Week” convened on Tuesday, July 15th. This project had already been approved by the Senate. Democratic lawmakers collaborated to halt certain procedural steps, meaning they want to address the three crypto-related bills encompassed in Crypto Week, as reported by Bloomberg. After casting their votes, House Republican leaders met to […]
Heritage Action Important Votes Support Tom Emmer’s Act Against CBDC Surveillance
Heritage Action for America’s Legislative Vote Announcement Heritage Action for America has highlighted the fifth critical vote for this legislative session. According to their statements, “The Central Bank Digital Currency (CBDC) represents another method of government control that increases federal authority and drives inflation in the U.S. Heritage Action has persistently opposed the CBDC, as […]
Australia Finds No ‘Clear Public Interest’ for Retail CBDC – PYMNTS.com
If Australia were to issue a digital currency, it would likely be for wholesale use rather than retail. it is, Report The country's central bank issued a statement on Wednesday (September 18) claiming that it has not yet found a “clear public interest case” for issuing a retail central bank digital currency (CBDC) in Australia. […]
North Carolina's CBDC ban bill vetoed by governor – Cointelegraph
North Carolina Governor Roy Cooper has vetoed a bill that would have banned a central bank digital currency issued by the Federal Reserve from being introduced in the state, despite near-unanimous support in the House and Senate. Cooper has faced criticism for making politically motivated decisions. explanation In a June 5 statement, he said House […]
Ramaswamy on CBDC [Central Bank Digital Currencies]
Estimated Reading Time: 2 minutes Vivek Ramaswamy, a Republican candidate for President, has a strong position on central bank digital currencies (CBDC): “Hell no.” His proposals for reforming the Fed have major problems, but his views on financial freedom and privacy are unimpeachable. A CBDC would give the government unprecedented access to and control over […]