Congressional Leaders Reach Deal on Comprehensive Housing Bill Extending Fed CBDC Ban to 2030

U.S. congressional leaders announced on Tuesday that they had reached an agreement on a comprehensive housing bill that would extend a ban on the Federal Reserve developing a central bank digital currency through 2030. According to Odaily, the agreement includes limits on institutional investors buying single-family homes, removes a provision that would have required investors to dispose of build-to-rent properties within seven years, and contains banking deregulation measures. The Senate majority leader said the Senate is expected to pass the bill this week, and the House is expected to send it to the president for signing next week.