1️⃣ Crypto Week Update: House Republicans’ Crypto Negotiations House Republicans spent over nine hours delaying a scheduled vote on crypto-related legislation because several members wanted to ban a CBDC. After lengthy negotiations, they reached an agreement: the proposed CBDC ban will be included in another bill (the defense spending package, known as the NDAA). This compromise finally allowed the main crypto bills to move forward for a vote. 🧵1/3

2️⃣ What Happened: • The House was set to vote on three important cryptocurrency bills. • Some Republican members blocked the vote, demanding stronger language banning a U.S. digital dollar (CBDC). • After hours of standoff, leaders agreed to shift the CBDC ban to the NDAA. • The path is now clear for Congress to vote on: ‣ The GENIUS Act (regulations for stablecoins) ‣ The CLARITY Act (overall rules for digital assets) ‣ The Anti-CBDC Surveillance Act (opposing a surveillance-oriented digital dollar) 🧵2/3