The US Senate passed a bill with provisions that would ban the issuance of CBDCs, with the ban potentially lasting until 2030.

The US Senate passed a bipartisan housing bill by a vote of 89 to 10. The bill includes a provision prohibiting the Federal Reserve from issuing central bank digital currencies (CBDCs), a ban that will remain in effect until at least the end of 2030. It requires the Federal Reserve not to issue or create CBDCs or similar digital assets directly or through intermediaries such as financial institutions. However, the bill's prospects in the House of Representatives remain uncertain. Some lawmakers have objected to provisions limiting the number of homes that large institutional investors can own, which could lead to a new version of the bill being considered in the House, thus affecting its progress. Industry insiders say the provisions reinforce the stance of private sector-led digital asset innovation and the protection of financial privacy. (Washingtonexaminer)