The ban is unrelated to the 21st Century ROAD to Housing Act, but was added into the legislation. The bill, approved 89-10 in the vote in Senate, will now be viewed in the House of Representatives.
President Trump recently claimed that he will not sign any more bills into law until a voter ID law is passed, verifying American citizenship for vote the path for which remains unclear.
The bill reads that the Federal Reserve “may not issue or create a central bank digital currency or any digital asset that is substantially similar to a central bank digital currency directly or indirectly through a financial institution or other intermediary.”
Read more: https://www.finextra.com/newsarticle/47436/us-senate-passes-bill-banning-issuance-of-cbdcs
