Senate passes housing bill with CBDC ban
The US Senate has passed a housing bill that includes a ban on the Federal Reserve creating a central bank digital currency (CBDC) until 2030.
The ban is part of a broader housing bill and reflects concerns about the potential impact of a CBDC on the US financial system.
Meanwhile, other countries are moving forward with their own CBDC plans, with China recently signing up 26 financial institutions to its digital yuan (e-CNY) cross-border payment platform.