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The U.S. Senate passes housing bill, establishes a 4-year CBDC ban

金色财经_
Golden Finance reports that on June 23, the U.S. Senate passed the Housing Affordability Act with a vote of 85:5, which includes a provision prohibiting the Federal Reserve from issuing or piloting a Central Bank Digital Currency (CBDC) before the end of 2030. The bill will next be sent to the House of Representatives for review and may be signed into law by President Donald Trump. The ban stems from concerns among Republicans about the potential risks of CBDCs to financial surveillance and has been incorporated into the bill text, restricting the Federal Reserve from directly or indirectly issuing digital dollars. The ban is set for four years.
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