Gate News reports that on March 12, the U.S. Senate passed a bipartisan housing bill with 89 votes in favor and 10 against, which includes a provision prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC). The clause requires the Federal Reserve not to directly or indirectly issue or create CBDC or similar digital assets through financial institutions or other intermediaries, with the ban lasting at least until the end of 2030. However, the bill’s prospects in the House remain uncertain. Some lawmakers have raised objections to the restriction on large institutional investors’ housing holdings, which could lead the House to push for a new review version and potentially delay the bill’s progress. Industry insiders say the relevant provisions reinforce a stance favoring private sector-led digital asset innovation and the protection of financial privacy.
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