1 month ago
16
Key Takeaways
- The US Senate passed a four-year Fed CBDC ban inside a housing bill, 85-5.
- The ban runs through December 31, 2030, and covers a retail digital dollar.
- The Fed has no active CBDC project, making the move largely pre-emptive.
- The bill carves out private stablecoins, leaving them unaffected.
- It now goes to the House, where its path is not guaranteed.
The prohibition rode through attached to the 21st Century ROAD to Housing Act, a sprawling package built mainly around housing affordability, limits on institutional investors buying single-family homes, and community banking measures. Buried in it is a section barring the Federal Reserve from issuing or creating a central bank digital currency, or any digital asset substantially similar to one, through December 31, 2030.
According to Coindesk, the bill defines a
English (US)