U.S. House Passes Housing Bill with CBDC Prohibition

Odaily reports that the U.S. House of Representatives passed the 21st Century ROAD to Housing Act on Tuesday with a vote of 358 to 32, following the Senate's passage of the bill with a vote of 85 to 5. The bill primarily aims to address housing affordability issues and has now been submitted to U.S. President Donald Trump. 

The bill stipulates that the Federal Reserve shall not directly or indirectly issue or create a central bank digital currency, or any digital asset substantially similar to a central bank digital currency. This provision will expire on December 31, 2030. The bill also includes an exception for crypto stablecoins, allowing for "dollar-denominated, open, permissionless, and private currency." (Cointelegraph)