US Senator Warren supports bill banning retail CBDC until 2030

U.S. Senator Elizabeth Warren has supported legislation that would prohibit the Federal Reserve from issuing a retail Central Bank Digital Currency (CBDC) until 2030, Cryptoslate reported. This move comes despite her previous positive assessment of the technology. During a 2021 Senate hearing, Warren stated that a digital currency issued by the central bank held "great promise" and could enhance financial inclusion and payment efficiency. The prohibition was included as a provision in a housing bill that recently passed the U.S. Senate, for which Warren voted in favor. The report suggests that her vote was likely a political compromise to ensure the passage of the bipartisan housing supply bill, rather than a fundamental change in her stance on CBDCs.