The US House plans to push three crypto bills on Wednesday after a re-vote was canceled due to GOP objections. The bills include the Anti-CBDC Surveillance Act and the CLARITY Act. Republicans want to ban CBDCs, causing delays. Democrats oppose the bills. CBDC concerns sparked dissent among Republican lawmakers. Speaker Johnson aims to advance legislation despite challenges. House meets Wednesday for further debate on crypto bills. The GENIUS Act initially failed in the Senate but eventually passed with bipartisan support.

Republican lawmakers clashed over adding a ban on CBDCs to the GENIUS Act. Some Republicans wanted amendments to ensure self-custody and limit the Fed’s authority. The GENIUS Act was previously rejected in the Senate due to Democratic opposition. Speaker Johnson is working to address concerns and advance the bills. Caitlin Long reassures that initial setbacks are not uncommon in passing legislation.

The GENIUS Act prohibits the Fed from offering retail CBDC services. The bill aims to prevent the Fed from creating digital wallets or personal accounts. Eleanor Terrett explains the limitations of the GENIUS Act in relation to CBDCs. The legislation faces challenges but aims to regulate stablecoins and clarify crypto market structure. Speaker Johnson seeks to find common ground among lawmakers for successful passage.

Read more at Cointelegraph: Crypto Bill Vote Moves To Wednesday After CBDC Fight Stall