U.S. Senate votes to ban CBDCs in housing bill that may face trouble in the House

U.S. Senate votes to ban CBDCs in housing bill that may face trouble in the House

A bipartisan housing bill was approved in the Senate, carrying an unrelated ban on U.S. central bank digital currencies, but its future remains uncertain.

U.S. Senate Votes to Ban Central Bank Digital Currency in Housing Bill, but House Passage Is Uncertain More Stories ETHNews

The U.S. Senate has moved to prohibit a central bank digital currency from being established in the United States, embedding the ban inside a housing-focused legislative package that now faces an uncertain path through the House of Representatives. The vote marks the furthest a CBDC prohibition has advanced through the federal legislative process, though significant obstacles remain before it could become law. The CBDC ban was attached to a broa…

Senate Passes Bipartisan Housing Bill Including Temporary Ban on Fed Digital Currency

Senate passes major housing bill tying affordability reforms to a temporary CBDC ban. An overwhelming 89-10 Senate vote signals rare bipartisan alignment on housing policy. House resistance and the CBDC debate threaten the path forward for the housing overhaul bill. The U.S. Senate passed a major bipartisan housing bill, combining housing incentives with a temporary ban on a Federal Reserve digital currency. The 21st Century ROAD to Housing Act …

Senate Includes CBDC Ban Amendment in Housing Affordability Bill - Invest In Crypto News

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 cre…

Senate Votes to Include CBDC Ban in Bipartisan Housing Bill

The United States Senate took a clear stance on central bank digital currencies (CBDCs) by attaching a prohibition to the 21st Century Road to Housing Act. In a vote that reflected strong bipartisan skepticism about a government-issued digital dollar, the chamber approved an amendment barring the Federal Reserve from issuing CBDCs through December 31, 2030. The measure, which passed 89-10, would force the Fed to refrain from creating or facilita…

Senate Includes CBDC Ban Amendment in Housing Affordability Bill

The US Senate has voted to include a temporary CBDC ban in the 21st Century Road to Housing Act, joining the House of Representatives in banning CBDCs.