US EditionThe Senate Just Banned A Digital Dollar. Here Are 3 Things To Watch.
7 Articles
7 Articles
Senate passes bipartisan housing bill 89-10 as nine GOP senators balk over digital currency provision
The Senate voted 89-10 on Wednesday to pass the 21st Century ROAD to Housing Act, a sweeping housing package that aligns with President Trump's agenda on cutting regulatory barriers and blocking institutional investors from snapping up single-family homes. Nine Republican senators voted against it. One Democrat joined them. The objection wasn't about housing. It was about a provision restraining the Federal Reserve from issuing a central bank di…
Key points of the news: The Senate voted 89-10 to incorporate an amendment that bans CBDCs into the bill, reflecting widespread resistance to the digital dollar of the Federal Reserve. The approved amendment would block any path to a CBDC in the U.S. until 2030 if the House also supports it, although the permanent ban proposed by Ted Cruz failed. The vote suggests that Washington already sees CBDC less as payment innovation and more as a risk of…
U.S. Senate Officially Bans the Digital Dollar Until 2030 While Regulators Unite on Crypto
Key Takeaways: The Senate passed an 89-10 bipartisan vote blocking the Federal Reserve from issuing a digital dollar until December 31, 2030 Private stablecoins like USDC and Tether are exempt – and stand to benefit significantly The SEC and CFTC signed a historic agreement to end years of turf wars over crypto jurisdiction The U.S. is now swimming against a global tide, with 130+ countries actively developing their own CBDCs The ban covers not…
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