The Federal Reserve is likely to encounter a statutory ban on launching a digital dollar after the U.S. Senate approved the 21st Century ROAD to Housing Act with an 85‑5 vote on Monday night.
Legislative Context
Republican legislators attached language that bars the Federal Reserve from creating a central‑bank digital currency (CBDC) to the newly passed housing‑affordability bill. The provision now heads to the House of Representatives, and if President Donald Trump signs the measure, the ban will legally restrain any digital