The U.S. Senate’s “21st Century ROAD to Housing Act,” aimed at increasing housing affordability, has advanced with strong bipartisan support after clearing a key cloture vote with a tally of 84-6. This significant housing package includes a provision that temporarily prohibits the Federal Reserve from issuing a central bank digital currency (CBDC) until 2031, reflecting the concerns of House Republicans regarding privacy and liberty. The White House has also expressed support for the legislation, emphasizing its alignment with presidential priorities to prevent potential threats posed by the development of a CBDC.
U.S. Senate’s bipartisan housing bill advances, banning CBDC until 2031
