The U.S. Senate has passed a housing bill that includes a ban on a Federal Reserve-issued CBDC through 2030.

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