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💵 U.S. Senate Backed Amendment to Prohibit Digital Dollar
The U.S. Senate voted for an amendment that prohibits the Federal Reserve from launching a central bank digital currency — CBDC. It was included in the 21st Century Road to Housing Act legislation, and the ban itself will be in effect until December 31, 2030.
Thus, the Federal Reserve will be unable to launch its own digital dollar for now.
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