United States laws prohibit the Federal Reserve from issuing digital dollars by 2031

THE UNITED STATES HAS FORMALLY PASSED LEGISLATION PROHIBITING THE FEDERAL RESERVE FROM ISSUING DIGITAL DOLLARS BY 2031. THE BILL, KNOWN AS THE HOUSING ACT OF THE 21ST CENTURY, BECAME LAW AFTER TRUMP DID NOT EXERCISE ITS VETO OVER IT. UNDER THE NEW LAW, THE FEDERAL RESERVE WAS LEGALLY PROHIBITED BY DECEMBER 2030 FROM ISSUING A CENTRAL BANK DIGITAL CURRENCY (CBDC) OR ANY "SUBSTANTIALLY SIMILAR" CURRENCY. STABLE CURRENCIES SUCH AS USDT AND USDC ARE EXPLICITLY EXEMPTED AND ARE NOT AFFECTED。