Crypto legislation: Bills stall in procedural phase in House

Regulatory Landscape - GOP House members are advancing a trio of crypto bills, facing challenges in securing enough votes for passage [1][2] - Concerns exist regarding banning central bank digital currency (CBDC), particularly among conservative hardliners [3][4] - A potential rework of the market structure bill is under discussion to include stronger language banning CBDC, aiming to protect financial privacy [5][6] Political Stance - Some lawmakers express strong opposition to CBDC, viewing it as "toxic" within their districts [4] - House Freedom Caucus Chair indicates an agreement to rework a bill to strengthen the ban on central bank digital currency [5] - The ongoing debate and open rule vote suggest uncertainty about the path forward for crypto legislation [6] Market Impact - Bitcoin and other cryptocurrencies are moving higher [1] - The delay in passing the crypto bills may impact the timeline for potential signature of a stable coin bill by the end of the week [7]