Warren Backs Bill to Block Fed Retail CBDC Issuance Through 2030
Summary
- Elizabeth Warren voted for a bill that would prohibit the Federal Reserve from issuing a retail CBDC through 2030.
- The measure, included in a housing bill passed by the U.S. Senate, would bar the Fed from issuing a retail CBDC until the end of 2030.
- CryptoSlate said Warren does not appear to have changed her position on CBDCs, but instead appears to have accepted the provision as part of a political compromise to pass a bipartisan bill aimed at expanding housing supply.
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U.S. Senator Elizabeth Warren voted for legislation that would bar the Federal Reserve from issuing a retail central bank digital currency, or CBDC, through 2030.
CryptoSlate reported on June 23 that a housing bill recently passed by the U.S. Senate includes a provision prohibiting the Fed from issuing a retail CBDC until the end of 2030. Warren voted in favor of the bill.
At a 2021 Senate hearing, Warren said a central bank-issued digital currency had significant potential and could improve financial inclusion and payment efficiency.
CryptoSlate said Warren does not appear to have changed her position on CBDCs. Instead, the outlet said she appears to have accepted the ban as part of a political compromise needed to advance a bipartisan bill aimed at expanding housing supply.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
