Summary
- The US Senate passed, by an overwhelming vote, housing-related legislation that includes a provision banning the issuance of a CBDC.
- The bill stipulates that the Federal Reserve (Fed) cannot issue a CBDC until at least the end of 2030 or an equivalent digital asset.
- It also specifies restrictions on indirect CBDC issuance through financial institutions or intermediaries.
Forecast Trend Report by Period
The US Senate passed housing-related legislation that includes a provision prohibiting the issuance of a central bank digital currency (CBDC).
According to cryptocurrency-focused media outlet CoinDesk on the 12th (local time), the bill cleared the Senate with an overwhelming vote. However, its prospects in the House remain uncertain.
The legislation includes a clause preventing the Federal Reserve (Fed) from issuing a CBDC or an equivalent digital asset until at least the end of 2030. It also stipulates restrictions on issuing a CBDC indirectly through financial institutions or intermediaries.
Republican lawmakers have opposed the introduction of a government-led digital dollar. The US is currently still in the research phase regarding a CBDC.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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