Senate Passes Housing Bill with CBDC Ban Until 2030

The US Senate passed a major housing affordability bill that includes a ban on the Federal Reserve creating a central bank digital currency until 2030. The legislation received bipartisan support with an 85-5 vote. The CBDC provision prohibits the Federal Reserve from issuing a digital dollar for the next four years.

Senate Approves Housing Bill with Federal Reserve CBDC Restriction

The Senate voted 85-5 to pass the housing affordability legislation. The bill contains a specific provision banning the Federal Reserve from making a central bank digital currency until 2030. The measure addresses housing affordability while placing a temporary restriction on Federal Reserve digital currency development.

FAQ

What did the Senate vote on regarding CBDCs? The Senate passed a housing affordability bill that includes a ban on the Federal Reserve creating a central bank digital currency until 2030, with an 85-5 vote.

How long does the CBDC ban last? The ban prohibits the Federal Reserve from issuing a central bank digital currency until 2030, establishing a four-year restriction period.