Gate News: On March 13, the U.S. Senate passed a bipartisan housing bill with a vote of 89 in favor and 10 against, which includes a provision banning the Federal Reserve from issuing Central Bank Digital Currencies (CBDC). According to this provision, the ban will last at least until the end of 2030, requiring the Federal Reserve not to issue or create CBDC or similar digital assets directly or through intermediaries such as financial institutions.
The bill’s prospects for advancing in the House remain uncertain. Some lawmakers have raised objections to provisions restricting large institutional investors from holding certain amounts of housing, which may lead the House to push for a new review version, potentially affecting the overall progress of the bill.
Industry insiders say this provision reinforces a stance favoring private sector-led digital asset innovation and the protection of financial privacy.
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