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Senate Passes Housing Bill With Fed CBDC Ban Until 2030

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The U.S. Senate passed a housing bill on June 22 that bans the Federal Reserve from creating a CBDC until 2030 by a vote of 85 to 5. The bill includes a stablecoin carve-out and requires explicit congressional approval for any Fed CBDC action after the ban ends. The bill now moves to the House for a vote before it can go to the president's desk.
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