US Senate Tucks CBDC Ban Into Housing Bill, Sets 2030 Deadline
The US Senate has included a ban on the Federal Reserve issuing a central bank digital currency (CBDC) in a housing affordability bill. The amendment, part of the 21st Century ROAD to Housing Act, prohibits the Fed from directly or indirectly offering a retail digital dollar to the public. The ban is broad, covering any digital asset functioning as a CBDC, regardless of its name. However, it includes an exception for open, permissionless, and private digital currencies that offer cash-like privacy. The prohibition is set to expire on December 31, 2030, unless Congress renews it. This move reinforces the Fed's existing position that it would not issue a digital currency without explicit congressional approval.
bitcoinist03/03 15:31
