### 🔥 A Choice at the Edge of a Cliff: Trump “Vetoes at the Last Moment” a CBDC Ban, and the Digital Power Game of Dollar Hegemony Enters the Endgame
Sudden breakthrough late at night: Trump did not sign the housing bill that includes a CBDC ban. The bill will take effect automatically at midnight, prohibiting the Federal Reserve from developing a digital dollar until 2031. This means—**the United States’ active “self-disarmament” in the CBDC race is almost a foregone conclusion.**
It may seem contradictory, but it is precise political calculation. Trump previously loudly opposed CBDCs, calling them “a tool for government surveillance of financial freedom.” But this time, he chose not to veto the bill, allowing the ban to take effect. Behind it are three layers of logic:
1️⃣ **Votes > Technology**: Crypto voters are a key swing force in the 2026 midterm elections. Anti-CBDC is a powerful emblem for the hardline camp—“defending financial freedom.” This isn’t just a stance; it’s also a campaigning tool.
2️⃣ **Make way for private tokens**: On the same day, Circle received OCC approval to establish a national trust bank, and USDC officially entered the federal regulatory framework. A regulated private USD stablecoin can better satisfy the interests of Wall Street and Silicon Valley than a central bank digital currency.
3️⃣ **The bargaining over the time window**: The Fed is already seriously behind China in CBDC development (the digital yuan pilot has covered more than 260 million wallets). If it can’t catch up, it may as well “freeze” the track and force private capital to lead.
**In-depth analysis**: The United States is shifting from a “central bank digital currency” track to a dual-track system of “federally regulated stablecoins.” With CBDCs being sidelined for political reasons, compliant stablecoins like USDC and PYUSD instead gain a de facto “quasi-central bank” status. At its core, this is a **currency experiment of “de-Federal-Reserve-ization.”**
**Data to support**:
- After Circle’s approval, USDC’s market cap exceeded $73.2 billion, and average daily trading volume topped $5 billion
- Bitcoin bounced from $62,000 to $64,000 within 24 hours before the CBDC ban took effect; the market interpreted it as “decentralized assets seeking shelter again”
- Japan launched a “invest locally” plan on the same day, bullish for
$BTC and gold; global central banks’ gold-buying volume hit the second-highest historical level
**Unique prediction**: The U.S. will see a strange setup of **“no central bank digital currency, but 10+ federally chartered stablecoin banks.”** This will split global financial regulation: on one side, the CBDC alliance (China, Europe, Japan), and on the other, a “private money alliance” (the U.S.).
$BTC , as a neutral asset, will see structural buy-side demand as both camps hedge against each other.
**Key warning**: The MiCA license is only the beginning. The EU is also brewing tougher anti–money laundering stress tests for crypto custody institutions. Soaring compliance costs will accelerate industry consolidation, and small players are likely nearing a sell-off.
The core narrative of
$BTC $ETH has never been clearer: **When sovereign states voluntarily give up monetary sovereignty, the ultimate safe-haven attribute of decentralized assets will be re-priced.**
#美元霸权 #CBDC #BinanceSquare