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Burchett & $TRUMP Align on Crypto Privacy — Push for Cash-Like Anonymity
In a late-night agreement, U.S. Representative Tim Burchett and former President Donald Trump committed to protecting the privacy of crypto transactions, likening them to traditional cash.
“Late night agreement with Donald Trump and leadership to keep your crypto transactions private like cash,” Burchett posted on X.
🗳️ Legislative Background:
• The House was set to advance three crypto-friendly bills endorsed by Trump during “Crypto Week.”
• Progress stalled after internal GOP disagreements, particularly over a CBDC (central bank digital currency) ban.
• GOP hardliners demanded the ban be merged with the CLARITY Act—a move opposed by pro-crypto Democrats fearing Senate backlash.
📜 Breakthrough Reached:
• After intense GOP negotiations, House Republicans advanced the crypto bills and the 2026 defense spending plan.
• Leaders agreed to attach the CBDC ban to the defense bill, appeasing hardliners.
• Speaker Mike Johnson and Trump expressed satisfaction with the compromise.
• The House is now poised to take up the GENIUS Act, which, if passed, will be the first major crypto legislation approved by Congress.
🌐 Community Reactions:
The crypto community was split on Burchett’s statement:
• Supporters praised the commitment to digital freedom.
• Critics warned that private crypto transactions could encourage illicit activity or jeopardize economic stability.
• Some users questioned the tax implications and long-term effect on the U.S. dollar.
This moment marks a critical turning point in U.S. crypto policy — privacy, regulation, and innovation are all on the table.
#CryptoPrivacy #CryptoRegulation #Burchett #Trump #GENIUSAct
In a late-night agreement, U.S. Representative Tim Burchett and former President Donald Trump committed to protecting the privacy of crypto transactions, likening them to traditional cash.
“Late night agreement with Donald Trump and leadership to keep your crypto transactions private like cash,” Burchett posted on X.
🗳️ Legislative Background:
• The House was set to advance three crypto-friendly bills endorsed by Trump during “Crypto Week.”
• Progress stalled after internal GOP disagreements, particularly over a CBDC (central bank digital currency) ban.
• GOP hardliners demanded the ban be merged with the CLARITY Act—a move opposed by pro-crypto Democrats fearing Senate backlash.
📜 Breakthrough Reached:
• After intense GOP negotiations, House Republicans advanced the crypto bills and the 2026 defense spending plan.
• Leaders agreed to attach the CBDC ban to the defense bill, appeasing hardliners.
• Speaker Mike Johnson and Trump expressed satisfaction with the compromise.
• The House is now poised to take up the GENIUS Act, which, if passed, will be the first major crypto legislation approved by Congress.
🌐 Community Reactions:
The crypto community was split on Burchett’s statement:
• Supporters praised the commitment to digital freedom.
• Critics warned that private crypto transactions could encourage illicit activity or jeopardize economic stability.
• Some users questioned the tax implications and long-term effect on the U.S. dollar.
This moment marks a critical turning point in U.S. crypto policy — privacy, regulation, and innovation are all on the table.
#CryptoPrivacy #CryptoRegulation #Burchett #Trump #GENIUSAct
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