U.S. Senate Approves Housing Reform Bill Including Anti-CBDC Clause

Progress in Legislating the Anti-CBDC Clause

The '21st Century ROAD to Housing Act,' a housing reform bill that includes a provision prohibiting the issuance of Central Bank Digital Currencies (CBDCs) by the Federal Reserve (Fed), was approved in the Senate on the 12th with 89 votes in favor and 10 against.

While the bill is not directly related to cryptocurrencies, blockchain, or finance, the inclusion of the CBDC-related clause has garnered significant attention. Under this bill, the Fed would be prohibited from...