The US Senate passed the 21st Century ROAD to Housing Act 85-5, banning a Federal Reserve CBDC through 2030. The bill now heads to the House.

The idea of a U.S. central bank digital currency — though little more than a research topic at the Federal Reserve — may be getting formally blocked.

The US Senate passed a bill banning the Federal Reserve from issuing a CBDC until December 31, 2030, with overwhelming bipartisan support of 85 or more