The U.S. Senate approved a major housing bill this week that includes a provision banning the Federal Reserve from issuing a central bank digital currency until Dec. 31, 2030. The measure passed with strong bipartisan support in an 89-10 vote, though the digital currency provision appears in the final section of the broader housing legislation rather than as a standalone bill. The language bars the Federal Reserve and regional Federal Reserve Banks from creating a government-backed digital currency or any similar digital asset. The amendment states that the Fed “may not issue or create a central bank digital currency ... (full story)