U.S. Senate Passes Legislation with CBDC Issuance Ban Clause, Prohibition to Continue Until 2030
The U.S. Senate passed a bipartisan housing bill with 89 votes in favor and 10 votes against, which includes a clause prohibiting the Federal Reserve from issuing central bank digital currency (CBDC). The prohibition will last at least until the end of 2030, requiring the Federal Reserve not to issue or create CBDC or similar digital assets directly or through intermediaries such as financial institutions. However, the bill's prospects in the House remain uncertain.
Some members of Congress have raised objections to clauses in the bill that limit the number of residential properties held by large institutional investors, which could lead the House to push for a revised version for reconsideration, potentially affecting the bill's progress. Industry experts said that the relevant clauses reinforce the position of private sector-led digital asset innovation and protection of financial privacy.
U.S. Senate Passes Legislation with CBDC Issuance Ban Clause, Prohibition to Continue Until 2030
The U.S. Senate passed a bipartisan housing bill with 89 votes in favor and 10 votes against, which includes a clause prohibiting the Federal Reserve from issuing central bank digital currency (CBDC). The prohibition will last at least until the end of 2030, requiring the Federal Reserve not to issue or create CBDC or similar digital assets directly or through intermediaries such as financial institutions. However, the bill's prospects in the House remain uncertain.
Some members of Congress have raised objections to clauses in the bill that limit the number of residential properties held by large institutional investors, which could lead the House to push for a revised version for reconsideration, potentially affecting the bill's progress. Industry experts said that the relevant clauses reinforce the position of private sector-led digital asset innovation and protection of financial privacy.