The US Senate passed a major housing affordability bill by an 85-5 vote that also includes a ban on the Federal Reserve creating a central bank digital currency until 2030. The measure now moves forward with the CBDC restriction attached.
The US Senate passed a major housing affordability bill by an 85-5 vote that also includes a ban on the Federal Reserve creating a central bank digital currency until 2030. The measure now moves forward with the CBDC restriction attached.
The inclusion of a CBDC ban makes the legislation relevant beyond housing policy because it extends a federal limitation on the central bank’s ability to develop a digital dollar. For readers in the crypto ecosystem, the move reflects continuing congressional scrutiny of government-issued digital currency proposals.
The US Senate has passed a major housing affordability bill by an 85-5 vote, and the legislation includes a ban on the Federal Reserve creating a central bank digital currency until 2030. The vote advances the bill with the CBDC restriction attached.
The inclusion of a CBDC ban makes the legislation relevant beyond housing policy because it extends a federal limitation on the central bank’s ability to develop a digital dollar. For readers in the crypto ecosystem, the move reflects continuing congressional scrutiny of government-issued digital currency proposals.
A central bank digital currency would be a digital form of money issued by the Federal Reserve, and its future has been the subject of debate in Washington. By placing a ban in a broader legislative package, lawmakers have tied the issue to a separate policy priority that had enough support to clear the Senate.
The 85-5 vote suggests broad backing for the housing measure, even as the CBDC provision remains politically significant. The bill now continues through the legislative process with the digital currency ban set to remain in effect until 2030 if the measure becomes law.
Keep exploring
Bitget plans to exit the Japanese market and close all remaining positions by the end of the year. The move adds to ongoing shifts among crypto companies navigating Japan’s regulatory environment.
Read
CoinDesk’s State of Crypto coverage counts down recent developments shaping the crypto policy and market landscape. The report frames these changes as important for how companies and participants navigate the sector.
Read
Strategy said it is holding the dividend on its STRC preferred stock at 12%. The decision keeps the payout unchanged for investors in the company’s yield-focused security.
Read