BlockBeats report: On March 13, according to CoinDesk, the U.S. Senate passed a housing bill by an overwhelming bipartisan vote of 89 to 10, which included a provision at the end prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC) until the end of 2030. The provision states that the Federal Reserve may not directly or through financial institutions or other intermediaries issue or create a CBDC or any digital asset substantially similar to a CBDC; however, it remains uncertain whether the bill will ultimately pass the House of Representatives.
U.S. Senate Passes Bill Prohibiting the Fed from Issuing a CBDC Until 2030
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Summary
A new bill passed by the U.S. Senate on March 13 includes a provision prohibiting the Federal Reserve from launching a central bank digital currency (CBDC) or any similar digital asset until 2030. The measure, included in a housing bill, received bipartisan support with a vote of 89 to 10. CFT concerns and digital asset regulation were mentioned in related discussions, though it remains unclear whether the House will approve the bill.
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