Russia set a Sept. 1, 2026 launch for its digital ruble, but a new poll shows 51% of surveyed citizens won’t use it.
Crypto legislation appears to be back on track after US lawmakers passed a motion to reconsider three crucial digital asset bills in a narrow vote. This effort follows Tuesday’s failed attempt to advance the proposed legislation to a floor debate during the “Crypto week.” Related Reading: SUI Eyes 140% Move As Price Reclaims $4 – New ATH Imminent? US House Passes Motion To Reconsider On Wednesday, the US House of Representatives voted on a motion to reconsider three major crypto legislations that failed to pass their procedural vote on Tuesday. As reported by NewsBTC, Congress’s lower chamber blocked the motion in a 196-223 vote, with 13 Republicans siding with the Democrats. Following the failed vote, Lawmakers had reportedly planned to hold a vote to reconsider the motion for later in the day, but it was ultimately scheduled for Wednesday morning. On Tuesday night, US President Donald Trump personally met with 11 of the 12 Republican representatives needed to pass the bills, securing their support. The lawmakers met for the second time this week to decide the fate of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, the Digital Asset Market Clarity (CLARITY) Act of 2025, and the anti-CBDC (Central Bank Digital Currency) bill. The motion to reconsider the trio of bills cleared the House in a 215-211 vote, with all Republican representatives voting in favor this time. Now, the US House prepares to hold a new procedural vote later today and decide whether to send the three landmark bills to a final vote. Representative Andy Harris shared on X that “House Freedom Caucus Members will be voting in favor of the rule today after reaching an agreement with President Trump last night.” Under the agreement, the House Committee on Rules will meet today to include “clear, strong, anti–Central Bank Digital Currency (CBDC) provisions to the CLARITY legislation” to ensure Americans are “protected from government overreach into their financial privacy.” Crypto Legislation Faces New Challenges Despite the crucial approval of a motion to reconsider, the bills now face a new roadblock. Politico reporter Meredith Lee Hill revealed that “there’s another crypto mess unfolding on the House floor.” In a series of X posts, the journalist affirmed that the potential merger of two of the three crypto legislations could pose a problem for the upcoming vote. Seemingly, the House Grand Old Party (GOP) leaders are trying to combine the House’s market structure and anti-CBDC bills after passing the floor. However, Republicans from the House Financial Services Committee are hesitating at that plan, as it “will doom Clarity.” House Agriculture Committee Republican representatives also consider that combining the two bills could kill the CLARITY Act, arguing that “even the threat of doing this emergency rules meeting may have already done so.” Journalist Eleanor Terret added that combining the bills could make CLARITY harder to pass because “they risk losing Dem votes over the anti-CBDC language.” A GOP Senate staffer reportedly told Terret that they are “just hoping the House can move something, anything, so crypto legislation can survive to the next step. We have options to move forward, but no one wants another failed vote that kills momentum.” Related Reading: Top Crypto Exchanges Made $172 Million From TRUMP Memecoin Listing – Report Meanwhile, the GENIUS Act would remain a standalone bill, despite previous attempts to merge it with the market structure bill. Since it already passed the Senate, the bill only needs to pass the final House vote to head to President Trump’s desk. Despite the legislative uncertainty, the crypto market continues to recover from yesterday’s drop, with Bitcoin (BTC) holding the $119,000 area as support. Featured Image from Unsplash.com, Chart from TradingView.com
Bank of England Governor Andrew Bailey urged caution as the U.S. pushes pro-crypto policies, highlighting risks to financial stability and the nature of money.
The Reserve Bank of Australia announced a new round of pilot participants for the next stage of Project Acacia.
People's Bank of China Governor Pan Gongsheng said the e-CNY center seeks to promote the internationalization of the digital yuan.
Visa and Chainlink have completed a key milestone in the Hong Kong Monetary Authority’s (HKMA) e-HKD+ Pilot Programme, successfully testing a cross-border blockchain transaction using central bank digital currency (CBDC) and stablecoins. The trial, conducted in partnership with ANZ, ChinaAMC, and Fidelity International, is one of the first real-world simulations of programmable money being used […]
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Brazil’s Central Bank plans to treat transaction data from its central bank digital currency (CBDC) infrastructure, called Drex, as a direct input for setting the country’s interest rate benchmark. Central bank executive Henrique Videira said on June 4 at the Token Nation conference in São Paulo that every payment and asset transfer recorded on Drex’s […]
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Reform also became the first UK political party to accept donations in bitcoin and other cryptocurrencies on Thursday.
The hub has 70 participants including Accenture, KPMG and CaixaBank.
The ECB believes Trump's support for the crypto industry may cause financial 'contagion,' putting the EU economy at risk, Politico reported.
Belarus is advancing plans to introduce its central bank digital currency (CBDC). According to National Bank Chairman Roman Golovchenko, the digital ruble is expected to enter full circulation by the latter half of 2026, as reported by state media outlet Belta. Golovchenko emphasized that developing the digital ruble is a top priority for the central […]
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Kyrgyzstan has officially authorized the development of a central bank digital currency (CBDC) following the passage of new legislation signed by President Sadyr Zhaparov, granting legal tender status to a future “digital som.” The constitutional law, signed April 17, gives the National Bank of the Kyrgyz Republic the sole authority to issue and regulate a […]
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The bill reflects concern that CBDCs potentially infringe on individual privacy by monitoring transactions.
The Central Bank of the United Arab Emirates (CBUAE) said its Digital Dirham would launch for retail use in the final quarter of 2025. According to a March 27 statement, the currency would be available through regulated banks, fintech companies, exchange houses, and licensed financial firms. Once live, the Digital Dirham will support smart contracts […]
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In collaboration with industry, regulators and the community, plans include creating a framework for digital asset platforms and stablecoins.
European Central Bank (ECB) Chief Economist Philip Lane has reiterated the need for a digital euro, emphasizing its role in mitigating risks from stablecoins and reducing reliance on US payment firms, Bloomberg News reported on March 20. Lane said at a conference in Cork, Ireland, that the digital euro central bank digital currency (CBDC) is […]
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Philip Lane said the prevalence of electronic payments using Apple Pay, Google Pay and PayPal "exposes Europe to risks of economic pressure and coercion."
The Bank of Korea (BOK) is gearing up to launch a pilot program involving 100,000 participants in early April to test its central bank digital currency (CBDC) in real-world transactions. Project Hangang, a three-month initiative running through the end of June, involves seven South Korean banks, including KB Kookmin, Shinhan, Hana, Woori, NH NongHyup, BNK […]
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Participants will be enabled to convert their bank deposits into tokenized deposits for payments at local shops, according to a local report.
A senior European Central Bank (ECB) official said that President Donald Trump’s aggressive push for crypto adoption could fuel financial instability and urged EU policymakers to strengthen their regulatory stance to mitigate potential fallout. François Villeroy de Galhau, Governor of the Bank of France and a member of the ECB’s Governing Council, said in an […]
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Lawmakers and industry experts discussed the importance of US dollar-backed stablecoins in the financial system and the urgency of a regulatory framework for these assets during a hearing convened by the US House Committee on Financial Services on March 11. Titled “Navigating the Digital Payments Ecosystem: Examining a Federal Framework for Payment Stablecoins and Consequences […]
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The European Central Bank is developing a digital euro, with concrete details for its rollout to be prepared in Q2.
European Stability Mechanism (ESM) managing director Pierre Gramegna said that President Donald Trump’s administration’s favorable stance toward crypto, particularly dollar-backed stablecoins, could challenge Europe’s monetary autonomy, Bloomberg News reported on March 10. Gramegna warned that the changing US stance could encourage both foreign and American technology firms to pursue large-scale payment solutions using dollar-denominated stablecoins. […]
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House Majority Whip Tom Emmer (R-Minn.) reintroduced legislation on March 6 to prevent the federal government from issuing a central bank digital currency (CBDC), arguing that such a system could threaten Americans’ financial privacy and empower government overreach. The Anti-CBDC Surveillance State Act seeks to explicitly ban the Federal Reserve from developing, issuing, or implementing […]
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The Bank of Israel has introduced a potential design for a central bank digital currency (CBDC), though officials emphasized that no final decision has been made on its issuance. In a paper published on March 4, the central bank described the proposed digital shekel (DS) as a “multipurpose CBDC” that would cater to both retail […]
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Russia’s central bank has postponed the full-scale launch of its digital ruble project indefinitely, according to a report from local media outlet TASS. Russia’s central bank began testing its digital currency in August 2023 with a limited pilot program. The initiative involved 12 banks and around 600 employees, who tested wallet functionalities, transfers, and automated […]
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Bank of England Governor Andrew Bailey expressed skepticism about the role of central bank digital currencies (CBDCs) in financial stability, emphasizing that central banks must maintain control over monetary transmission through the banking system. Speaking at the University of Chicago Booth School of Business in London on Feb. 11, Bailey reinforced that while financial markets […]
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Federal Reserve Chair Jerome Powell confirmed that the US will never have a central bank digital currency (CBDC) while he leads the central bank. Powell made the statement on Feb. 11 while speaking at the “Semiannual Monetary Policy Report to Congress.” His comments were in response to Senator Bernie Moreno’s concerns that the US could “look […]
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As crypto firms and their new government allies rail against U.S. regulators for chasing them out of banking, Powell says such tales are a worry he'll address.
ECB board member Piero Cipollone said the European Central Bank (ECB) must accelerate efforts to launch a digital euro in response to President Donald Trump’s push to promote dollar-backed stablecoins globally, Reuters reported on Jan. 24. Cipollone made the statement while speaking at a conference in Frankfurt, where he also claimed that stablecoins pose a […]
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