House Republicans' push for an anti-CBDC bill could disrupt bipartisan support for a stablecoin bill, according to investment bank TD Cowen.
House Republicans' push for an anti-central bank digital currency bill could disrupt bipartisan support for a stablecoin bill, according to investment bank TD Cowen.
"Our concern is that linking a ban on a digital dollar to the stable coin legislation could derail bipartisan support for the bill as Democrats generally see value to at least exploring a central bank cryptocurrency," said the TD Cowen Washington Research Group, led by Jaret Seiberg, in a note on Monday.
"We are not yet willing to declare the stable coin bill in trouble, though passing any legislation is extraordinary difficult," TD Cowen said. "It is why we view any development that complicates the stable coin bill as further narrowing the path to enactment."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
– MTV PUSH – March 2024 - MTV PUSH (Video Playlist)Watch March 2024 MTV PUSH artist Chappell Roan perform her song 'Red Wine Supernova.'
Read more »
House Freedom Caucus chair 'can't defend' Johnson amid push to oust speakerHouse Freedom Caucus Chairman Rep. Bob Good, R-Va., said he could not defend Speaker Mike Johnson after the House passed a $1.2 trillion spending bill that funded Democratic priorities.
Read more »
White House expected to finalize new regulations to push Americans towards EVsThe Biden Admin. is reportedly preparing to roll out the toughest limits on pollution for cars and light trucks as the EPA finalizes new emission regulations.
Read more »
No. 2 House Republican Steve Scalise offers endorsement in Kansas House raceEXCLUSIVE – House Republican Majority Leader Steve Scalise has endorsed Dr. Prasanth Reddy for Kansas’ 3rd Congressional District.
Read more »
White House blasts House GOP budget, says Biden won't let them 'defund the police'The White House is blasting House Republicans and accusing them of taking steps to defund the police, while claiming President Biden will protect law enforcement and support crime-reducing programs.
Read more »
Former House Speaker Kevin McCarthy weighs in on House Republican turmoilFormer House Speaker Kevin McCarthy discusses the turmoil within the House Republican caucus and the decisions of his successor, House Speaker Mike Johnson. McCarthy also talks about the impact of Rep. Matt Gaetz's ouster on the Republican party.
Read more »