U.S. CBDC Efforts Opposed in Legislation Advanced by House Republicans

A crypto-related bill meant to stifle a future U.S. central bank digital currency is now heading toward consideration on the floor of the U.S. House of Representatives after committee approval Wednesday, marking further progress for digital assets legislation in Congress.

U.S. Fed’s Vice Chair Barr Says CBDC Decision Still a ‘Long Way’ Off

The U.S. is far from making any decision on a central bank digital currency (CBDC), said Federal Reserve Vice Chairman Michael Barr, who described the Fed as still being in the “basic research” phase.