Woofun AI reports that the U.S. Senate advanced the '21st Century Housing for a Fair Housing Market Act' with an overwhelming 85-5 vote, sending the legislation to the House of Representatives for final consideration. A pivotal component of this bill is a statutory prohibition preventing the Federal Reserve from launching a central bank digital currency or any functionally equivalent digital asset before the end of 2030. This restriction applies even if the central bank attempts indirect issuance through regulated financial intermediaries.

Notably, the legislative text carves out a specific exemption for private stablecoins, explicitly naming assets such as USDC and USDT as permissible alternatives to state-backed digital currencies. This distinction underscores a regulatory preference for market-driven stablecoin solutions over sovereign digital money, potentially shaping the future landscape of digital payments in the United States.