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US Senate Passes Housing Bill With Four-Year Ban on Fed CBDC

US Senate Passes Housing Bill With Four-Year Ban on Fed CBDC in 85-5 Vote

| JUAN MENDE |
The U.S. Senate passed the 21st Century ROAD to Housing Act with an 85-5 vote, attaching a provision banning the Federal Reserve from issuing or creating a CBDC or substantially similar digital asset through December 31, 2030. The ban exempts privately issued dollar-denominated stablecoins while requiring congressional approval for any future CBDC. Bitcoin traded near $62,000 with broader market pressure, but the news highlights grow…
Secret Network’s cross-chain bridge was hit for $4.7 million following an exploit tied to a critical infinite mint smart contract vulnerability. Three high-profile board members of Sonic Labs, including DeFi p…
On-chain settlement volume hit $7.5 trillion in March 2026, marking the first month it surpassed the total volume cleared by the traditional United States Automated Clearing House (ACH) network. The aggregat…
Algorand has announced a structured technical roadmap targeting broad quantum resilience across its network layer by the end of 2027. The phased rollout begins in Q3 2026 with the integration of native Falcon-…

June 22, 2026
Taiko confirmed compromise of its chain state verification mechanism, rendering bridge security assumptions unreliable. Attacker drained approximately $1.7 million from the ERC20 Vault on Ethereum via forged proofs. Project halted all block production and urged users to withdraw funds from all bridges immediately. TAIKO token dived around 10% following the incident. Ethereum Layer 2 scaling solution Taiko has taken its net…

June 20, 2026
Franklin Templeton filed with the SEC for the Franklin US Equity Bitcoin DRIP Index ETF and Franklin US Innovation Bitcoin DRIP Index ETF, which allocate 95% to large-cap U.S. stocks and 5% to Bitcoin, with dividends reinvested to boost BTC exposure up to a 20% cap. The structure creates steady, indirect demand for Bitcoin funded by corporate dividends, targeting investors seeking passive crypto allocation without direct purchases. Proposed ef…

June 19, 2026
Hsiao-Wei Wang has resigned as co-executive director and board member of the Ethereum Foundation (EF), effective immediately. The move follows her recent sabbatical and comes after fellow co-executive director Tomasz Stańczak’s earlier departure, contributing to at least eight senior exits in recent months. Wang emphasized Ethereum’s decentralized nature: “Ethereum has always been bigger than any one role, any one organization, or an…

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