U.S. Senate Banking Committee Advances 21st Century Road to Housing Act with CBDC Provision

The U.S. Senate Banking Committee advanced the bipartisan 21st Century Road to Housing Act, which includes a provision banning the Federal Reserve from issuing a central bank digital currency (CBDC) until 2030, with exceptions for private dollar-backed digital assets. The bill aims to ease housing shortages and reduce costs, marking a significant step in ongoing discussions about CBDCs and financial privacy.

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