America’s CBDC Faces Ban Until 2031 Following Senate’s Latest Move
The US Senate has passed a bipartisan housing bill, the 21st Century ROAD to Housing Act, which includes a provision to ban the Federal Reserve from issuing a retail central bank digital currency (CBDC) or any similar public digital asset. This temporary prohibition, set to expire on December 31, 2030, aims to protect financial freedom and prevent competition with private financial systems. The measure faced some opposition from conservative Republicans seeking a permanent ban. The bill now moves to the House of Representatives, where some Republicans have already expressed opposition and may demand amendments, potentially delaying its final passage.
bitcoinist03/12 22:02
