The Federal Reserve is considering being prohibited from issuing a central bank digital currency by the end of 2030.
BlockBeats News, June 23, the U.S. Senate overwhelmingly passed the "21st Century Housing for a Fair Housing Market Act" on the evening of June 22 by a vote of 85-5. The bill has now been sent to the House of Representatives and is expected to pass quickly and be signed into law by President Trump. A key additional provision in the bill is the Central Bank Digital Currency (CBDC) Ban, which will prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) or any substantially similar digital asset by the end of 2030, even indirectly through financial institutions. The bill explicitly exempts private stablecoins (such as USDC, USDT).
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