Odaily Planet Daily reports: The U.S. Senate passed a housing bill by a vote of 89 to 10, which includes a provision at the end prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC) before the end of 2030. The provision stipulates that the Federal Reserve may not directly or indirectly issue a CBDC or any digital asset substantially similar to a CBDC through financial institutions.
The bill, officially titled the 21st Century Housing Act, spans 302 pages, with the CBDC ban located in the final section. Cody Carbone, CEO of the Digital Chamber, stated that financial privacy is a cornerstone of American freedom, and the decision to authorize a CBDC should be made by Congress and the American people.
However, the bill's prospects in the House remain uncertain. House lawmakers have indicated they may seek amendments to the Senate version, particularly due to controversy over provisions limiting the number of homes that large investors, such as private equity firms, may hold. Additionally, Trump has recently stated that he will refuse to sign any bill until Congress passes legislation verifying voter identities, adding uncertainty to this housing bill and other legislation, including the Digital Asset Market Clarity Act.