U.S. Senate Intelligence Committee Includes Fed CBDC Ban in FISA Compromise

The U.S. Senate Intelligence Committee, led by Chairman Tom Cotton, has incorporated a Federal Reserve Central Bank Digital Currency (CBDC) ban into the final text of the Foreign Intelligence Surveillance Act (FISA) Section 702 compromise. According to ChainCatcher, this provision was initially part of a housing bill. The legislation is expected to become law, with the termination date for the ban moved up from December 31, 2030, to June 12, 2029.