U.S. Senate Advances Housing Reform Bill with 'Anti-CBDC' Provision

Passed with an Overwhelming 84 Votes in Favor

Tim Scott, the Republican chairman of the U.S. Senate Banking Committee, and Elizabeth Warren, the leading Democrat, announced on the 2nd that the '21st Century ROAD to Housing Act' has moved forward with strong bipartisan support. This bill represents the most comprehensive housing policy package in decades, aimed at addressing the severe housing shortage and reducing costs.

A notable aspect of the bill is Section 10 (Title X), which includes a provision that prohibits the Federal Reserve from issuing digital currencies directly to individuals until 2031...