Svmuu News The U.S. Senate passed a housing bill with a vote of 89 to 10. The bill includes an addendum prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC) before the end of 2030. The provision states that the Federal Reserve shall not issue a CBDC or any digital asset substantially similar to a CBDC, either directly or indirectly through financial institutions.
The full name of the bill is the "21st Century Housing Act," spanning 302 pages, with the CBDC prohibition located in the final section. Cody Carbone, CEO of the Digital Chamber, stated that financial privacy is a cornerstone of American liberty, and the decision to authorize a CBDC should be made by Congress and the American people.
However, the bill's prospects in the House of Representatives remain uncertain. House members have indicated they may seek amendments to the Senate version, particularly as the provisions limiting the number of homes large investors, such as private equity firms, can hold are contentious. Furthermore, Trump recently stated he would refuse to sign any bills until Congress passes voter verification legislation, adding uncertainty to this housing bill and other legislation, including the "Digital Asset Market Clarity Act."