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Congress includes ban on Fed CBDC in housing bill

Senators Tim Scott and Elizabeth Warren.
Photo: Andrew Harnik/Getty Images

Carmen Cracknell

1 min read
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While ostensibly related to affordable housing, the 21st Century ROAD to Housing Act also includes provisions on digital currencies.

A recent legislative amendment to a US housing bill includes a ban on the Federal Reserve’s ability to issue a central bank digital currency (CBDC) up to the end of 2030, unless explicitly authorized by Congress.

Senator Tim Scott, Senator Elizabeth Warren, Representative French Hill, and Representative Maxine Waters have

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