Connect with us

Congress

House GOP moves to combine central bank digital currency ban with crypto bill

Published

on

House Republicans are gearing up to retroactively combine GOP legislation that would ban the Federal Reserve from creating a central bank digital currency with a sweeping bipartisan cryptocurrency market structure bill after both bills passed the chamber separately in July.

The House is set to vote Tuesday afternoon on a procedural measure that includes a little-noticed provision that would combine the CBDC ban bill with the CLARITY Act, which would overhaul how crypto tokens are regulated. The CBDC measure, led by House Majority Whip Tom Emmer (R-Minn.), passed the lower chamber largely along party lines in July, while the sweeping market structure bill drew support from 78 Democrats.

At the time the two measures passed the House, Republicans on the Financial Services and Agriculture committees objected to combining them on the floor. A push from GOP hard-liners to merge the two bills created a protracted standoff on the floor. The committee leaders didn’t want to jeopardize bipartisan support for the CLARITY Act in hopes of sending a message about its viability in the Senate.

To appease the hard-liners, GOP leaders vowed to include a CBDC ban in Congress’ annual must-pass defense policy bill. Though language banning a CBDC was included in the House-passed National Defense Authorization Act, few Democrats support the provision, meaning it is likely to get stripped out of the bill by the Senate. Bipartisan support is needed to pass the NDAA in the upper chamber.

A spokesperson for House Financial Services Chair French Hill said in a statement that “passing both the CLARITY Act and Anti-CBDC bill were key priorities for members of the House.”

“By combining both measures and sending them to the Senate, the House continues to advance both priorities,” said the spokesperson, Brooke Nethercott. “We stand ready to work with [Banking Chair Tim Scott] and Senator [Cynthia] Lummis on a pathway forward to get both provisions signed into law.”

The move may ultimately prove to be symbolic: The Senate is gearing up to advance its own market structure bill that will need buy-in from some Democrats. Instead of taking up the CLARITY Act, the House’s title, senators appear to be gearing up to advance their own, separate version of the bill called the Responsible Financial Innovation Act.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Congress

New Jersey’s most vulnerable GOP incumbent is MIA

Published

on

Rep. Tom Kean Jr. represents New Jersey’s most competitive district this November — but nobody, even his GOP colleagues, can say where he’s been for the past month.

A scion of one of the state’s most storied political dynasties, Kean’s team says the two-term congressmember is facing unspecified health issues. The New Jersey Republican hasn’t voted since March 5 and has missed almost 50 roll call votes.

The other two Republicans in the New Jersey delegation, Reps. Chris Smith and Jeff Van Drew, said they have called and texted Kean out of concern for his health. But so far, neither said they have heard from him. Van Drew said it’s been “radio silence.”

Several New York Republicans who have worked with Kean on key issues said similarly. Kean’s absence has largely fallen under the radar and GOP leaders haven’t addressed the issue to the conference, according to several Republicans.

One Republican, Rep. Don Bacon (R-Neb.), said he didn’t even realize Kean had been missing until he tried to find him on the House floor Tuesday.

“I was looking for him,” Bacon said in an interview Wednesday. “I didn’t know it was that long.”

“I know the congressman and his family appreciate all of the well wishes and support,” Kean consultant Harrison Neely told Blue Light News. “Please know that he will be back on a regular full schedule very soon.”

Closer to home, Kean’s allies also expect him to come back soon.

“I don’t even know the truth myself or even enough to disclose any information,” Union County GOP Chair Carlos Santos told Blue Light News. “But I have been texting with him and was told he’ll be fine and make a full recovery in the next couple weeks.”

Kean represents New Jersey’s most competitive House seat — the 7th Congressional District, a large swath across the northern and central part of the state that includes Trump National Golf Club in Bedminster. President Donald Trump narrowly carried it by one point in the 2024 presidential race, but Democratic former Rep. Mikie Sherrill carried the district by nearly two points in the 2025 governor’s race. Kean won the district by around five points in 2024.

Kean enters reelection in what could be his most challenging congressional bid to date. He faces an environment that is increasingly challenging for Republicans and the Trump administration is opening an immigration detention facility in his district while pulling funding for a major infrastructure project for New Jersey commuters — both of which have put him in a precarious position.

But Kean’s backers say his temporary absence will hardly be on voters’ minds come November.

“Everyone understands from their own family experiences that people run into unexpected health issues,” Bill Palatucci, a Republican National Committee member and attorney to the Kean campaign, told Blue Light News. “Voters will be completely sympathetic and it’s so early in the year that it will be long forgotten come the fall.”

There is a competitive Democratic primary to take on Kean, with four prominent candidates.

Democrats in the New Jersey delegation have also noticed his absence and have started to be concerned for the congressmember’s health. Those members have also not heard anything.

“It’s been a long absence,” New Jersey Democrat Rep. Rob Menendez said. “I hope he’s doing all right. But I haven’t heard anything.”

Meredith Lee Hill contributed to this report.

Continue Reading

Congress

Vote-a-Rama starts tonight

Published

on

The Senate will kick off a marathon amendment voting session Wednesday night as Republicans aim to adopt a budget blueprint for immigration enforcement funding.

The chamber is expected to start the vote-a-rama free-for-all around 8 p.m., according to three people granted anonymity to disclose private scheduling. Senate Republicans need to adopt the budget resolution in order to subsequently pass their bill to fund Immigration and Customs Enforcement and Border Patrol through the party-line budget reconciliation process.

Continue Reading

Congress

Senate eyes AI expansion for congressional business

Published

on

The Senate’s top cybersecurity official is aiming to expand the number of AI licenses and approved AI tools available to Senate staff — and it will come with a price tag.

The Senate sergeant at arms, the chief law enforcement official on Capitol Hill whose office also manages IT and logistics, is seeking a $2.8 million boost for the department’s fiscal 2027 budget for AI licenses as appetite grows in Congress for using large language models in day-to-day workflow.

“About 10 percent of Senate users have already used the free, unsupported version of this technology,” Senate Sergeant at Arms Jennifer Hemingway told the Senate Appropriations Legislative Branch subcommittee Wednesday. “Moving those users and other Senate users into Senate-supported versions of these platforms is necessary to protect Senate data.”

In March, the Senate green-lighted the use of Google’s Gemini chat, OpenAI’s ChatGPT and Microsoft Copilot in Senate offices with licenses that support enhanced data security measures compared with the free versions. Staff in the House have been using Copilot, Gemini and ChatGPT, as well as Anthropic’s Claude, approved platforms under the chamber’s internal AI guidelines.

The cybersecurity team in Hemingway’s office is currently conducting risk assessments on about 40 AI tools, she told lawmakers. The sergeant at arms plans to bring recommendations for AI tools for Senate use to the bipartisan AI Governance Board, and “if the AI products meet our defined criteria,” make more tools available to the Senate.

“The most popular on that list is Claude,” Hemingway noted. The sergeant at arms began assessing the Anthropic product March 3.

When pressed by ranking member Martin Heinrich (D-N.M.) about the sergeant at arms’ policy of issuing one license per Senate user, Hemingway explained that the protocol is designed in part to incentivize staff to use data-protected versions approved by the sergeant at arms.

“If there is demand to have more than once license per user, we’d be happy to have conversations” with the Legislative Branch panel that funds the sergeant at arms, Hemingway said, calling it a “resource issue.”

She added that staff whose work focuses on AI and who need access to multiple tools could be accommodated very quickly.

Continue Reading

Trending