The US Senate passed a housing bill that includes provisions prohibiting the Federal Reserve from issuing CBDCs.

CoinFeed reported on March 13th, citing CoinDesk, that the US Senate passed a housing bill by a landslide, 89-10. The bill includes a clause prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC), with the ban lasting until the end of 2030. This clause states that the Federal Reserve may not issue or create a CBDC or any digital asset substantially similar to a CBDC, directly or through financial institutions or other intermediaries. The fate of the bill in the House remains uncertain, with the main point of contention being that it would significantly limit the number of homes that large housing investors, such as private equity firms, can own. While President Trump supports expanding housing accessibility, he recently stated that he will not sign any bill until Congress passes a voter identification bill, adding uncertainty to the prospects of legislation such as the housing bill and the crypto market structure bill.