US Senate Bans Federal Reserve CBDC in Housing Bill

Cointelegraph Staff

(05:58 AM UTC)

1 min read

The US Senate has passed housing legislation that includes a ban on the Federal Reserve creating or working on a central bank digital currency (CBDC) until 2030, which is expected to be quickly taken up and passed by the House.

The Senate on Monday voted 85-5 to pass the 21st Century Road to Housing Act, which aims to increase the housing supply after a bipartisan group of House and Senate leaders…

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