U.S. Senate votes to ban CBDCs in housing bill that may face trouble in the House
The Senate passed a bipartisan housing bill containing an 89-10 vote to ban the Federal Reserve from issuing a CBDC until 2030.Summary
The U.S. Senate approved the 21st Century ROAD to Housing Act with an overwhelming bipartisan 89-10 vote, which includes a provision banning the Federal Reserve from issuing a central bank digital currency (CBDC) until at least the end of 2030. This section explicitly forbids the Fed from creating a CBDC or substantially similar digital asset directly or indirectly. While the ban on CBDCs is popular among Republicans, the overall housing bill faces potential headwinds in the House of Representatives, particularly due to provisions limiting home ownership by large private equity investors. Furthermore, former President Donald Trump has indicated he will not sign any legislation until Congress passes a bill requiring voter ID and proof of citizenship, adding uncertainty to the housing bill's path forward.
(Source：CoinDesk)