US Senate Passes Housing Bill That Includes Four-Year Ban on Fed-Issued CBDC
By
Tyler Durden
Summary
The U.S. Senate passed the 21st Century ROAD to Housing Act, a housing affordability bill, with an 85-5 vote. Embedded within the bill is a provision banning the Federal Reserve from issuing a central bank digital currency (CBDC) through the end of 2030. Republican leaders insisted on including the CBDC restriction in this bipartisan housing legislation. The House is expected to fast-track a vote soon.
Source
Twitter / XUS Senate Passes Housing Bill That Includes Four-Year Ban on Fed-Issued CBDCzerohedge.comKey quotes
· 3 pulledThe U.S. Senate passed a sweeping housing affordability bill Monday night — and tucked inside its pages is a provision that could permanently reshape America's digital currency landscape: a formal ban on a Federal Reserve-issued central bank digital currency through the end of 2030.
The 21st Century ROAD to Housing Act cleared the Senate 85-5, with Republican leaders insisting the CBDC restriction ride along with one of the most bipartisan bills in years.
The House was poised to fast-track a vote as early as Tuesday, putting the measure on a d
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