US CBDC BAN BECOMES LAW AT MIDNIGHT — FED BLOCKED FROM DIGITAL DOLLAR
Federal Reserve's digital dollar plans dead—Congress passed CBDC ban that takes effect tonight, killing any chance of a Fed-backed crypto competitor and signaling Washington's shift toward decentralized assets over central bank control.
Massive regulatory event; changes macro policy for crypto and kills Fed digital currency plans; immediate market implications.
Originally headlined: US CBDC Ban Set to Become Law at Midnight - PYMNTS.com