The policy landscape is turbulent and unpredictable; what was originally seen as the main event of 'Crypto Week' has unexpectedly stalled due to provisions on CBDCs. Some Republican lawmakers insist on including clauses opposing central bank digital currencies, which has led to the postponement of several stablecoin and crypto regulation bills. This isn’t just a technical procedural issue but also a struggle over direction: one side is concerned about excessive government surveillance, while the other hopes to expedite regulatory implementation. The outcome of this game will directly impact the trajectory of U.S. crypto policy in the coming years. In the short term, the market may be affected, but in the long run, each tug-of-war is the beginning of a more mature system.
