U.S. Congress Reaches Agreement on Housing Bill, Prohibiting Fed from Issuing CBDC Before 2030

On June 17, Bloomberg reported that the U.S. Congress has reached an agreement on the largest housing bill in decades, ending a months-long stalemate between the House of Representatives and the Senate. The bill includes a provision requiring the Federal Reserve to suspend the issuance of central bank digital currency (CBDC) before 2030.