US Senate Bill Seeks to Ban the Fed From Issuing a CBDC
A Senate amendment proposes banning the Federal Reserve from issuing a CBDC until 2030, with White House support.Summary
An amendment attached to the '21st Century ROAD to Housing Act' (HR 6644) proposes to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) until December 31, 2030. Section ten of the proposed legislation explicitly forbids the Fed or a Federal Reserve bank from creating a CBDC or substantially similar digital asset, directly or indirectly. The amendment includes an exception, ensuring the Fed cannot prohibit open, permissionless, and private dollar-denominated stablecoins, preserving physical currency privacy protections. The White House endorsed the Act, citing significant threats a CBDC could pose to personal privacy and liberty. The Senate advanced the bill overwhelmingly on a procedural vote, reviving language from previous, unsuccessful standalone bills aimed at blocking a US CBDC.
(Source：Cointelegraph)