Speaker Mike Johnson’s announcement that the GENIUS Act will be voted on tomorrow and the CLARITY Act next week, with anti-CBDC legislation added to the NDAA, is reflecting a strategic push to regulate stablecoins and block a Federal Reserve digital currency amid bipartisan tensions.
This legislative move follows a surprising intervention by President Trump, who convinced 12 GOP members to flip their votes after a meeting, overturning an initial failure and aligning with his pro-crypto stance, as evidenced by his $119 million industry-backed campaign support and personal ventures like $TRUMP coin.
Research from the National Bureau of Economic Research (2023) suggests CBDCs could enhance financial inclusion but risks centralizing control, supporting the anti-CBDC sentiment in the bills, though Senate passage remains uncertain due to Democratic opposition and conflicting regulatory priorities.
