The U.S. Senate passed a bill Thursday containing a ban on the development of an American CBDC, often called a “digital dollar”—but the legislation has some ways to go before it's signed into law.
But the CBDC ban is not law yet. The housing bill it’s currently attached to currently faces several hurdles, most notably opposition in the House, which still needs to pass the legislation before it can be signed into law by President Donald Trump.
“It is critical we get the details right and mitigate some of the concerns raised by House members with the Senate bill,” Rep. French Hill (R-AR), chair of the House Financial Services Committee, said in response to Thursday’s theoretically final Senate vote on the housing package.
Justin Sun Deal Complicates SEC's Crypto Stance, Legal Experts Say
