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06/17 11:03

US Congress Puts the Brakes on Fed’s Digital Dolla

#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #HTXCommunity4thAnniversary US Congress Puts the Brakes on Fed’s Digital Dollar Plans: CBDC Issuance Ban Coming Until 2030!The US Congress has reached an agreement on a comprehensive legislative package covering housing and transportation infrastructure, but the legislation includes a significant provision closely related to the cryptocurrency and digital finance sector. The adopted regulation will prevent the US Federal Reserve (Fed) from issuing central bank digital currencies (CBDCs) until 2030. The legislative package, dubbed the “21st Century Housing and Roads Act,” focuses primarily on housing finance, infrastructure investments, and transportation projects. However, the inclusion of a CBDC provision in the bill marks a new phase in the long-running political debate surrounding the digital dollar. Central bank digital currencies (CBDCs) are defined as digital assets backed by governments and issued directly by central banks. While the Fed is known to be conducting various studies on a possible digital dollar project, some political circles in the US have expressed concerns that CBDCs could have negative effects on individual financial privacy. Under the new regulations, the Fed will not be able to directly issue a CBDC until 2030. This decision is seen as potentially opening up more space for stablecoin projects developed by the private sector and digital payment solutions offered by traditional financial institutions. Cryptocurrency sector representatives interpret the development in different ways. Some experts argue that the postponement of the digital dollar is a positive development for decentralized crypto assets and private stablecoin issuers, while others believe that the US may fall behind other major economies in the digital currency race. This decision, taken especially at a time when China has made significant progress on its digital yuan project and the

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