US Republican housing bill includes provision to ban Fed CBDC issuance

A provision banning the Federal Reserve from issuing a central bank digital currency (CBDC) has been included in the "21st Century ROAD to Housing Act," a bill recently announced by Republican members of the U.S. Senate Banking Committee, according to Eleanor Terrett, host of Crypto in America. Reporting on X, Terrett noted that the provision was previously excluded from last year's National Defense Authorization Act (NDAA) discussions but has now resurfaced. She added that the CBDC ban within the current bill is structured to expire in 2030.