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13.03.26 - 17:36
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US Senate Votes To Include CBDC Ban In Bipartisan Housing Bill (ZeroHedge)
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US Senate Votes To Include CBDC Ban In Bipartisan Housing Bill
Authored by Vince Quill via CoinTelegraph.com,
The United States Senate voted on Thursday to include an amendment in the 21st Century Road to Housing Act that would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC).
The CBDC prohibition will remain in effect until Dec. 31, 2030, according to the amendment in the bill. The legislation, which passed 89-10, stated:
“The Board of Governors of the Federal Reserve System or a Federal Reserve Bank may not issue or create a central bank digital currency or any digital asset that is substantially similar to a central bank digital currency, directly or indirectly through a financial institution or other intermediary.”
The 21st Century Road to Housing Act, which includes the CBDC ban amendment. Source: US Senate
However, the bill does not prohibit any dollar-denominated digital currency that is “open, permissionless, and private,” such as stablecoins....
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