The U.S. Senate has passed a new bill with a provision banning the Fed from issuing a CBDC until the end of 2030

BlockBeats News, March 13th, according to CoinDesk’s report, the U.S. Senate passed a housing bill with an overwhelming bipartisan vote of 89-10, with a provision at the end banning the Federal Reserve from issuing a central bank digital currency (CBDC), a ban that will last until the end of 2030. The provision states that the Federal Reserve may not directly or through financial institutions or other intermediaries issue or create a CBDC or any substantially similar digital asset, but it is still uncertain whether the bill will ultimately pass the House.