US Republican push for anti-CBDC bill could undermine support for stablecoin bill

According to a report released by investment bank TD Cowen, the "CBDC Anti-Surveillance Act" proposed by Tom Emmer, the majority whip of the US House of Representatives last year, may be voted on together with the long-awaited stablecoin bill, which could undermine bipartisan support for the stablecoin bill because Democrats generally believe that the value of central bank-issued cryptocurrencies should be explored at least. Senior leaders of both parties have been negotiating the stablecoin bill for many years. Previously, Federal Reserve Chairman Powell said that the central bank has "far from" made any suggestions or adopted CBDCs.