US Senate Passes Housing Bill With Four-Year Fed CBDC Ban

The U.S. Senate passed a sweeping housing affordability bill Monday night — and tucked inside its pages is a provision that could permanently reshape America’s digital currency landscape: a formal ban on a Federal Reserve-issued central bank digital currency through the end of 2030.

The 21st Century ROAD to Housing Act cleared the Senate 85-5, with Republican leaders insisting the CBDC restriction ride along with one of the most bipartisan bills in years. The House was poised to fast-track a vote as early as Tuesday, putting the measure on a direct path to President Donald Trump’s desk for signature.

The bill’s language is sweeping: the Board of Governors of the Federal…

Read more on BitcoinMagazine

2.5K Reads