U.S. House Crypto Bill Deliberations Stall Again as Conservative Members Oppose CBDC Provisions

It appears that deliberations on cryptocurrency-related bills in the U.S. House have stalled once again. According to reports from ABC and Politico, a procedural vote that initially passed on the 17th has now reached a deadlock, with key members currently discussing the next steps. The deadlock is primarily due to opposition from conservative Republican members (House Freedom Caucus) concerning provisions related to Central Bank Digital Currencies (CBDCs). The bills under discussion include the 'GENIUS Act', which establishes a regulatory framework for stablecoins, the 'CLARITY Act', which clarifies regulations for the entire cryptocurrency market, and the 'Anti-CBDC Surveillance State Act', which prohibits the Federal Reserve Board from directly issuing CBDCs.