The U.S. House of Representatives is set to deliberate on a new crypto bill after it received the green light from a committee on Wednesday.
This move signified a step forward for the digital assets legislative process in Congress.
The bill, championed by Republicans in the House Financial Services Committee, aims to regulate the potential introduction of a U.S. central bank digital currency (CBDC).
Rep. Patrick McHenry (R-N.C.), the committee's head, emphasized that the legislation sought to ensure that "any U.S. CBDC must be explicitly authorized by Congress" and will safeguard "Americans’ privacy and our financial system from the risks a CBDC would pose."
Amid looming concerns of a potential U.S. government shutdown, House members took a moment on Wednesday to emphasize the importance of regulating a potential digital dollar.
This legislation intends to preemptively halt any ...