Senate Approves CBDC Ban in Housing Bill with Strong Support
- The U.S. Senate passed a housing bill that includes a ban on an American CBDC until the year 2031.
- The bill, named the “21st Century ROAD to Housing Act,” received overwhelming support with an 89 to 10 vote.
- The legislation faces opposition in the House and lacks enthusiasm from President Donald Trump, who has threatened not to sign it into law without passing the SAVE Act first.
The Senate’s decision to include a ban on a central bank digital currency in a housing bill highlights ongoing debates over privacy and financial monitoring concerns associated with government-issued cryptocurrencies. This legislation still requires approval from the House and presidential assent before becoming law, facing significant political hurdles along the way.
The Senate’s overwhelming support for the CBDC ban contrasts with challenges in the House and presidential resistance, underscoring complex legislative dynamics surrounding digital currency regulation in the U.S. (Source)
