A group of U.S. lawmakers has introduced legislation to permanently prohibit the issuance of a Central Bank Digital Currency (CBDC), citing worries over financial privacy and government overreach.
House Republicans are considering using FISA as a legislative vehicle to impose a permanent ban on CBDCs after progress on a housing bill stalled. The idea faces internal hesitation, including reservations from John Thune.
Elvira Nabiullina, Governor of the Bank of Russia, confirmed that the digital ruble is on track for a September 1, 2026 launch, complementing the fiat ruble and initially accepted by financial and credit institutions. The EU imposed preemptive sanctions on the CBDC in April 2025 in response to Russia's war in Ukraine. Meanwhile, a US housing bill containing a CBDC ban has been sent to President Trump; if not signed within 10 days, it will automatically take effect, banning retail CBDC until 2030. The contrasting policies highlight growing divergence in global CBDC regulation.
The Trump administration's Digital Assets Report, which supports Bitcoin and crypto with proposals for a Strategic Bitcoin Reserve, a CBDC ban, and regulatory clarity, triggered a brief Bitcoin price drop below $116,000 after release. This article covers the report's key points, market reaction, and investor confidence data, including 68 million Americans holding crypto and 83% of institutions planning to increase exposure. The policy shift marks a major departure from the Biden era, emphasizing innovation and free-market competition.
The Trump administration's long-awaited Digital Assets Report triggered a brief Bitcoin sell-off below $116,000, despite a 26% year-to-date gain before the release. The report outlines a pro-crypto stance including a Strategic Bitcoin Reserve funded by forfeited assets, a ban on central bank digital currencies (CBDCs), protection of self-custody, and criticism of the previous administration's Operation Choke Point 2.0. It cites strong investor confidence: 72% approval among crypto investors, $4.8 billion VC investment in Q1 2025, and 83% of institutions planning to increase exposure. The report urges Congress to clarify SEC/CFTC jurisdiction and codify self-custody rights.
