U.S. House Passes Housing Bill with CBDC Ban

Odaily Odaily reports that the U.S. House of Representatives passed the 21st Century ROAD to Housing Act on Tuesday with 358 votes in favor and 32 against, following the Senate's approval with 85 votes in favor and 5 against. 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 must 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 sets an exception for crypto stablecoins, allowing a "dollar-denominated, open, permissionless, and private currency." (Cointelegraph)