The U.S. Senate has passed a crucial procedural step to advance the comprehensive housing bill called the 21st Century ROAD to Housing Act, with a vote of 84–6. The bill primarily aims to increase housing supply and improve affordability but also includes a temporary ban on the Federal Reserve issuing central bank digital currencies (CBDC) until December 31, 2030. However, this regulation allows exceptions for USD-denominated digital currencies if they operate on an open, permissionless model that protects privacy similar to cash.
Senate Banking Committee Chair Tim Scott and senior member Elizabeth Warren stated that this is one of the largest housing reform packages in decades. The anti-CBDC provision is placed near the end of the 303-page bill, reflecting a strategy of linking financial policies to major legislation. The bill now moves to debate and amendment consideration in the Senate.
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