Senate Blocks CBDC, Backs Stablecoins
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
In a significant move, the US Senate has passed an amendment in the Road to Housing Act, blocking the Federal Reserve from creating a central bank digital currency until 2030. The vote, with an overwhelming majority, reflects lawmakers concerns about CBDCs being tools for government surveillance and potential threats to financial freedom. Meanwhile, President Trump and Treasury Secretary Scott Bessent support dollar-pegged stablecoins, sparking debates about their potential implications.
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