US Housing Law Bars Fed CBDC Issuance Through 2030
The 21st Century ROAD to Housing Act became law Saturday, barring the Federal Reserve from issuing a central bank digital currency through Dec. 31, 2030. The House Financial Services Committee said the law includes the CBDC prohibition. The committee's bill summary said the measure also covers digital assets substantially similar to a CBDC. The law mainly focuses on housing supply, community banking and HUD program changes.
The 21st Century ROAD to Housing Act became law Saturday, barring the Federal Reserve from issuing a central bank digital currency through Dec.
31, 2030.
The House Financial Services Committee said the law includes the CBDC prohibition.
The committee's bill summary said the measure also covers digital assets substantially similar to a CBDC.
The law mainly focuses on housing supply, community banking and HUD program changes.