The Senate voted 85-5 to pass a major housing affordability bill that includes a ban on the Federal Reserve making a central bank digital currency until 2030.
Source: Cointelegraph
US Senate passes housing bill with CBDC ban until 2030
The U.S. Senate has passed a significant housing bill that includes a ban on Central Bank Digital Currencies (CBDCs) until 2030. This legislation aims to address the ongoing housing crisis by promoting affordable housing initiatives while simultaneously restricting the development of CBDCs, which some lawmakers view as a potential threat to financial privacy and traditional banking systems. The bill reflects a growing concern among legislators regarding the implications of digital currencies on the economy and individual freedoms. As the housing market continues to face challenges, this bill represents a critical step in shaping both housing policy and the future of digital currency in the United States.