central bank digital currency (CBDC)
Coverage of central bank digital currency (CBDC) in the Nexus archive.
- House passes FISA reauthorization, Senate roadblock awaits
The House passed a three-year reauthorization of Section 702 of FISA, which allows warrantless surveillance, but the Senate is unlikely to approve the bill due to opposition to a House-added ban on central bank digital currencies (CBDCs). The FISA extension faces expiration soon, and Senate Majority Leader John Thune has labeled the CBDC ban a 'poison pill,' signaling a potential legislative standoff.
- House passes FISA renewal in bipartisan vote, putting pressure on Senate before looming deadline
The U.S. House passed a bipartisan renewal of Section 702 of FISA for the remainder of Trump's term, with 235-191 vote, but faced GOP opposition over privacy concerns. The Senate now faces pressure to act before the April 30 deadline, as House conservatives opposed the measure due to lack of warrant requirements for surveillance. A CBDC ban added to the bill as a compromise has drawn Senate Democratic resistance.
- Bank of Korea’s new chief vows to push CBDC, deposit tokens; leaves out stablecoins
Bank of Korea Governor Shin Hyun-song has pledged to advance central bank digital currency (CBDC) and deposit tokens, but has excluded stablecoins from his agenda. During his previous role at the Bank for International Settlements (BIS), he held a negative stance on stablecoins.