WASHINGTON–The housing bill passed by the Senate last week, which has strong support from credit unions, includes a provision that would ban the Federal Reserve from issuing central bank digital currencies (CBDCs) until at least the end of 2030.
The 21st Century ROAD to Housing Act places limits on the number of homes that private equity firms and other large investors can own. It also includes an unrelated provision that would ban the Fed from issuing CBDCs, according to the report.
The Senate approved the bill in a bipartisan, 89-10 vote.
“However, the bill face obstacles, including signals from House lawmakers that they force a rewrite of the legislation, and President Donald Trump’s vow that he won’t sign any bill into law until Congress passes legislation that would require people to produce identification before voting, per the report,” noted CoinDesk in its analysis.
