Several major developments shaped the crypto industry today, ranging from U.S. legislation and Ethereum’s internal restructuring to changing views on stablecoins among global financial leaders.

US Congress Moves Closer to Blocking CBDCs

The U.S. House of Representatives has approved a major housing bill that includes a provision prohibiting the Federal Reserve from issuing a Central Bank Digital Currency (CBDC) until the end of 2030.

The bill, which had already passed the Senate with strong bipartisan support, now heads to President Donald Trump for final approval.

Under the legislation, the Federal Reserve would be barred from creating or issuing a digital dollar or any digital asset that closely resembles a CBDC unless Congress explicitly authorizes it in the future.

Supporters argue the measure protects financial privacy and prevents excessive government oversight of personal transactions, while critics believe it may slow innovation in the U.S. digital payments sector.

If signed into law, the bill would represent one of the strongest legislative positions against CBDCs among major economies.

Ethereum Foundation Cuts Workforce as It Refocuses Strategy

The Ethereum Foundation has announced a significant organizational restructuring that includes reducing its workforce by approximately 20%.

The nonprofit organization said it is reorganizing into specialized teams focused on:

• Core protocol development
• User experience and accessibility
• Community growth
• Institutional adoption
• Operational support

The restructuring follows Ethereum co-founder Vitalik Buterin’s broader vision of creating a more sustainable funding model for the foundation.

According to Buterin, the foundation plans to gradually reduce its annual spending and transition toward an endowment-driven structure that can support Ethereum’s development over the long term.

The latest layoffs also come amid several high-profile departures from the organization over the past year, fueling discussions around Ethereum’s governance and future direction.

Despite the restructuring, the foundation emphasized that its priorities remain focused on scalability, privacy, decentralization, and censorship resistance.

Former BIS Chief Takes a Softer View on Stablecoins

In a notable shift of opinion, former Bank for International Settlements (BIS) General Manager Agustín Carstens expressed support for stablecoins, saying they can coexist with traditional fiat currencies.

Speaking at an international financial conference, Carstens acknowledged that stablecoins have the potential to:

• Improve financial inclusion
• Reduce transaction costs
• Encourage innovation in digital payments
• Expand access to financial services

His comments mark a significant departure from his earlier stance, when he was one of the most vocal critics of cryptocurrencies and stablecoins during his tenure at the BIS.

Previously, Carstens had warned that stablecoins could create financial stability risks and questioned their ability to function as reliable forms of money.

Now, he argues that the focus should be on building a framework where traditional currencies and regulated stablecoins can operate alongside each other.

A Changing Global Crypto Landscape

Today’s developments highlight how rapidly the digital asset industry is evolving.

The United States is moving toward restricting CBDCs while encouraging private-sector innovation. Ethereum is restructuring to strengthen its long-term sustainability. Meanwhile, some of the world’s most influential financial policymakers are becoming increasingly open to the role stablecoins may play in the future of global finance.

Together, these trends suggest that crypto is entering a new phase one defined not only by technology, but also by regulation, institutional adoption, and evolving monetary systems.