The House has quickly followed the Senate in passing a major housing bill that will ban the Federal Reserve from working on a digital currency until 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