The US Senate passes a bill provision to ban the issuance of CBDC, with the ban possibly lasting until 2030.

ChainCatcher news, the U.S. Senate passed a bipartisan housing bill with 89 votes in favor and 10 votes against, which includes a provision prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC). The ban will last at least until the end of 2030, requiring the Federal Reserve not to directly or indirectly issue or create CBDC or similar digital assets through financial institutions or other intermediaries. However, the bill's prospects in the House of Representatives remain uncertain.

Some lawmakers have raised objections to the provision in the bill that restricts large institutional investors from holding a certain number of housing units, which may lead the House to push for a new version for review, thus affecting the progress of the bill. Industry insiders stated that the relevant provisions reinforce the position of private sector-led digital asset innovation and the protection of financial privacy.