Svmuu News: The U.S. “21st Century ROAD to Housing Act” has officially taken effect, and it includes provisions prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC).
According to reports, Donald Trump had previously stated that he would not sign the housing bill unless Congress first passed the “SAVE AMERICA ACT,” which requires proof of citizenship for voting in federal elections. However, after the bill was submitted to the White House, Donald Trump did not sign or veto it within 10 days; in accordance with the U.S. Constitution, the bill automatically became law.
The bill had previously been passed by the Senate with a vote of 85 to 5 and by the House of Representatives with a vote of 358 to 32. In addition to prohibiting the Federal Reserve from issuing a CBDC, the bill also addresses housing policy issues.