U.S. government digital dollar set to be banned tonight under housing law's CBDC limit
A U.S. housing bill containing a provision to ban a Federal Reserve digital dollar is set to become law after a 10-day window, despite President Trump's refusal to sign it. The ban, which lasts until 2030, reflects Republican concerns over government surveillance and competition with private stablecoins.
For four years, the Federal Reserve won't be permitted to issue its own digital dollar, which Republican lawmakers have held up as a threat of potential overreaching government surveillance, though there hasn't yet been a serious effort in the U.S. to institute one. The restriction was part of Congress' bipartisan housing-affordability bill that President Donald Trump refused to sign into law .
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