U.S. Senate Passes Bill Clause to Ban CBDC Issuance, Ban May Last Until 2030

The U.S. Senate approved a bipartisan housing bill with 89 votes in favor and 10 against, which includes a clause prohibiting the Federal Reserve from issuing central bank digital currency (CBDC). The ban will last at least until the end of 2030, requiring the Federal Reserve not to issue or create CBDC or similar digital assets directly or through intermediaries such as financial institutions. However, the bill's prospects in the House remain uncertain.

Some lawmakers have raised objections to clauses in the bill that restrict the amount of housing that large institutional investors can hold, which may lead the House to push for a new review version, potentially affecting the bill's progress. Industry insiders stated that these clauses reinforce the stance of private sector-led innovation in digital assets and the protection of financial privacy.