US Senate Passes Bill to Block Fed From Issuing a Retail CBDC
The bill still has to clear the House and the President's desk, but the vote is the clearest signal yet that a retail Fed CBDC is off the table in this Congress.
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The bill still has to clear the House and the President's desk, but the vote is the clearest signal yet that a retail Fed CBDC is off the table in this Congress.
The 85–5 vote embeds a CBDC prohibition into an unrelated housing package, foreclosing any U.S. central bank digital dollar at least through 2030 even as Europe and China push ahead with pilots.
The duopoly still controls 80%+ of supply, but the real contest is no longer on-chain dollars vs banks — it's banks quietly routing trillions through their own permissioned ledgers, with stablecoins…
Former CFTC Chair Timothy Massad has indicated that research and exploration of a US central bank digital currency is…
Timothy Massad says U.S. officials are quietly exploring CBDC infrastructure through BIS Project Agora even as Washington publicly rejects a retail digital dollar, arguing global tokenization trends…
A federally chartered stablecoin, issued by Anchorage Digital and routed through Western Union's existing rails, turns Solana into a payments backbone for the world's largest remittance network.
Traditional banks are pushing back against the pace of stablecoin legislation in the US, seeking to delay rules that…