The US Senate voted 47-52 on June 5 to block a procedural motion that would have extended Section 702 of the Foreign Intelligence Surveillance Act. The surveillance authority is now set to expire on June 12, leaving a narrow window for lawmakers to find a path forward on one of the government’s most powerful intelligence tools.
What makes this particular legislative failure interesting for crypto watchers: the House-passed version of the extension included the Anti-CBDC Surveillance State Act, a provision that would prohibit the Federal Reserve from issuing a central bank digital currency. That rider is now stuck in legislative limbo alongside the surveillance powers it was attached to.
