U.S. Senate Votes to Block Federal Reserve CBDC Launches Until 2030
The measure would prohibit the Federal Reserve (U.S. central bank) from launching a central bank digital currency until 2030, a move some market participants described as supportive for Bitcoin.
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Summary
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Terms & Concepts
CBDC: A central bank digital currency, or digital money issued directly by a country’s central bank.
Federal Reserve: The central banking system of the United States, responsible for monetary policy and financial stability.
Bitcoin: A decentralized digital asset that operates on a blockchain without central bank control.