Housing bill that includes a CBDC ban passed into law without Trump’s signature

Housing bill that includes a CBDC ban passed into law without Trump’s signature

The 21st Century ROAD to Housing Act, which notably includes a prohibition on the Federal Reserve issuing a Central Bank Digital Currency (CBDC), has officially become law, bypassing President Trump's signature. This move is significant as it reflects ongoing legislative efforts to maintain traditional banking structures amidst technological advancements in digital finance. The ban on a CBDC highlights a cautious approach towards central bank-issued digital currencies, suggesting a preference for preserving existing financial frameworks and possibly indicating skepticism about the potential impacts and implications of CBDCs on the economy and privacy.

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