US Senate Passes Housing Bill With Four-Year Fed CBDC Ban
Decrypt·
60-second summary
The US Senate passes a bipartisan housing bill with an 85-5 vote, blocking the Federal Reserve's plans for a central bank digital currency (CBDC) through 2030. The bill now heads to the House for consideration. This move effectively imposes a four-year ban on the Fed's CBDC plans, impacting the future of digital currencies in the US.
A bipartisan housing bill the Senate passed 85-5 Monday would block a Fed digital dollar through 2030, and now heads to the House.