HUGE! SENATE PASSES BAN ON CBDCS! CLARITY ACT NEXT? MAJOR TRADFI CRYPTO ADOPTION!
June 23, 2026
AI Summary
5 min readThe US Senate passed a ban on central bank digital currencies (CBDCs) with an 85-5 vote, sending the bill to the House for consideration this week. But the ban expires in mid-2029, a date moved forward from the original 2030 deadline. Host Tony Edward warned listeners to stay vigilant, arguing the sunset clause leaves a door open for a future CBDC launch without a major public spectacle. He also cautioned that stablecoins could pose similar privacy risks, citing former CFTC chairman Chris Giancarlo's observation that stablecoins can replicate the same programmability and surveillance capabilities as a CBDC.
Meanwhile, the Clarity Act—a broader piece of crypto market structure legislation—still lacks a scheduled Senate vote before the upcoming recess. Advocacy groups including the Blockchain Association, Crypto Council for Innovation, and the Digital Chamber are urging Congress to pass a separate crypto mining and staking tax bill without revisions, warning that reopening the compromise could stall a bipartisan result that is finally within reach.
Institutional Adoption Surges Across Traditional Finance
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What you'll learn
- 1 (00:49) **Episode Introduction** - Host Tony Edward welcomes listeners and asks for subscriptions and ratings.
- 2 (01:08) **Senate Passes Anti-CBDC Ban** - The US Senate officially passes a bill banning CBDCs, but the ban is only effective until mid-2029, leaving the door open for future implementation.
- 3 (02:33) **Clarity Act Status and Urgency** - Despite Senate momentum, the Clarity Act has no scheduled vote before the upcoming Senate recess, raising concerns about timing.
- 4 (03:37) **Industry Groups Push for Crypto Mining and Staking Tax Bill** - The Blockchain Association, Crypto Council for Innovation, and the Digital Chamber urge Congress to pass the bill without revisions to avoid stalling the bipartisan compromise.
- 5 (04:27) **Trump Signs Executive Orders on Quantum Readiness** - President Trump signs two executive orders aimed at preparing for quantum computing, which is relevant to blockchain security and crypto infrastructure.
- 6 (05:10) **Baillie Gifford Launches Tokenized Bond Fund** - The 118-year-old Scottish investment firm launches a tokenized corporate bond fund on Ethereum and Solana, offering 7% yield with BNY Mellon providing infrastructure.
- 7 (06:55) **Sponsor Segment: BitGo** - Advertisement for BitGo’s institutional crypto services, including custody, staking, stablecoin infrastructure, and financing.
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Guests on this episode
Show Notes
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⏰ Time Stamps ⏰
00:00 Intro
00:23 Senate CBDC Ban
01:59 Senate Clarity Act & crypto tax
03:43 Trump Quantum Cryptography EO
04:26 Baillie Gifford Tokenization Ethereum & Solana
08:17 OKX NYSE tokenized stocks and equities
09:10 Franklin Templeton Crypto acquisition completed
10:20 Anchorage Tokenized Deposits banks
11:22 MoneyGram Solana Validator
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#Crypto #CBDC #ClarityAct #Cry
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