🤖AI Summary
The U.S. Senate Banking Committee's bipartisan ROAD to Housing Act includes a provision that would ban the Federal Reserve from issuing a central bank digital currency (CBDC) before 2031. This represents a significant legislative move to restrict CBDC development in the United States for nearly a decade.
Key Takeaways
- →The Senate Banking Committee has included a CBDC ban provision in a housing-focused bill.
- →The ban would prevent the Federal Reserve from issuing a CBDC until 2031.
- →The provision appears to have bipartisan support within the committee.
- →This represents a legislative approach to restricting CBDC development rather than just policy guidance.
- →The inclusion in a housing bill suggests lawmakers are using various legislative vehicles to address CBDC concerns.
Read Original →via CoinDesk
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