New Senate housing bill may put a four-year brake on a U.S. digital dollar
Lawmakers have advanced the digital dollar debate into legislation by adding a four-year prohibition on CBDCs to a Senate-passed housing affordability package, despite no active plans for a U.S. virtual currency. According to legislative summaries and committee releases, the bill would prevent the Federal Reserve from issuing, creating, or indirectly distributing any central bank digital currency “widely available to the general public” until at least December 31, 2030.