🤖AI Summary
The US Senate has advanced a bipartisan housing bill that includes a provision prohibiting the Federal Reserve from issuing a Central Bank Digital Currency (CBDC) through early 2031. This represents significant legislative momentum against CBDC development in the United States.
Key Takeaways
- →A US Senate housing bill with anti-CBDC provisions has gained bipartisan support and is advancing through Congress.
- →The bill would prohibit the Federal Reserve from issuing a CBDC until the beginning of 2031.
- →The inclusion of CBDC restrictions in a housing bill demonstrates the broad legislative opposition to digital dollar development.
- →Bipartisan support suggests strong political consensus against CBDC implementation in the near term.
- →The provision would effectively halt US CBDC development for approximately 6-7 years if enacted.
Read Original →via The Block
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