U.S. Senate Passes Housing Bill With Four-Year CBDC Ban in 85-5 Vote

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The U.S. Senate passed the 21st Century ROAD to Housing Act on Monday night (June 22) in an 85-5 bipartisan vote, sending the bill to the House. The legislation includes a provision barring the Federal Reserve from issuing a central bank digital currency through the end of 2030, with a carve-out exempting private stablecoins such as those issued by Circle and Tether.
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