TechFlow reports that investment bank TD Cowen stated the Republican-led House push for an anti-CBDC bill could undermine bipartisan support for the stablecoin legislation.
The CBDC Anti-Surveillance State Act, which may be voted on alongside the long-anticipated stablecoin bill, risks eroding bipartisan backing. Bipartisan leadership has spent years negotiating the stablecoin legislation. Meanwhile, Federal Reserve Chair Powell said the central bank is "far from" deciding to recommend or adopt a CBDC.




