A group of Republicans expressed dissatisfaction because the U.S. House of Representatives passed a massive defense spending bill on Wednesday but did not include a promised ban on central bank digital currencies.
“Conservatives were explicitly promised that strong anti-central bank digital currency language would be included in the National Defense Authorization Act (NDAA). But that promise was broken,” Republican Congressman Keith Self wrote on X on Wednesday.
The House passed the NDAA by a vote of 312-112, sending the $900 billion annual military spending bill to the Senate, aiming for passage before the end of the year.
Self submitted an amendment on Tuesday to reintroduce the central bank digital currency ban into the bill, which had previously been removed; however, the amendment did not advance and did not go to a full House vote.
Self stated that a group of Republicans had been “guaranteed that anti-central bank digital currency language would be included. Instead, we were forced to accept a bill that we either had to take or leave, which goes against that promise. Without that language, I tend to walk away.”
This over 3,000-page bill is seen as essential legislation, often incorporating amendments unrelated to defense—these amendments might be shelved or significantly altered if passed as standalone bills.
In July, House Republican leaders reached an agreement with hardliners in the party to include a central bank digital currency ban in the defense spending bill. Previously, this hardline group had refused to advance three cryptocurrency bills unless the central bank digital currency ban was guaranteed.
These bills were stalled in a record-long 9-hour procedural vote, which included the GENIUS Act regulating stablecoins, which President Trump had pressured Republicans to pass quickly.
Republican Congresswoman Marjorie Taylor Greene criticized House Speaker Mike Johnson on Monday for not fulfilling his promise regarding the central bank digital currency ban, adding that she supports cryptocurrency but “will never support giving the government complete control over your ability to access your own funds and trade.”
An earlier version of the House bill released in August had included a central bank digital currency ban, but the bill was modified through multiple revisions and committee processes.
The wording of the provision would prohibit the Federal Reserve from testing, researching, developing, or issuing any digital currency or asset, and would also prevent the central bank from providing financial products or services directly to individuals.
In July, the House narrowly passed a bill banning central bank digital currencies, known as the Anti-Central Bank Digital Currency Surveillance Nation Act, by a vote of 219-210, but the bill has been stalled in the Senate.
Self stated that he will “continue to fight in the next must-pass bill to ensure that central bank digital currencies never see the light of day. Financial freedom is not negotiable.”
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