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⛓️ Crypto🔴 BearishImportance 7/10
Senate housing bill amendment proposes to block US CBDC until 2030
🤖AI Summary
A Senate housing bill amendment proposes blocking the Federal Reserve from issuing a US Central Bank Digital Currency (CBDC) until 2030. The prohibition language mirrors previous standalone bills aimed at preventing a Fed-issued digital dollar.
Key Takeaways
- →Senate amendment would block US CBDC development until 2030
- →The prohibition was inserted into a housing bill rather than proposed as standalone legislation
- →Language mirrors previous bills designed to prevent Fed-issued digital currency
- →Represents continued legislative resistance to US CBDC development
- →Could delay America's digital currency initiatives compared to other nations
Read Original →via CoinTelegraph
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