The US Senate has passed housing legislation that includes a ban on the Federal Reserve creating or working on a central bank digital currency (CBDC) until 2030, which is expected to be quickly taken up and passed by the House.The Senate on Monday voted 85-5 to pass the 21st Century Road to Housing Act, which aims to increase the housing supply after a bipartisan group of House and Senate leaders reached a deal last week to move forward with the legislation. The bill has included a CBDC ban since the Senate first passed a version of the bill in March, which…

In brief Crypto industry groups urged Congress to pass a tax bill exempting mining and staking rewards from taxable income. House Democrats are skeptical, arguing the proposal could unfairly favor crypto over traditional investments. With time running short as midterms fast approach, the bill’s prospects this year remain uncertain. The crypto industry is urging Congress to approve a new digital asset tax bill—and claim that changing the legislation at all could risk derailing its chances of passage.In a letter sent this week to the top-ranking Republicans and Democrats on the House Ways and Means Committee, the heads of three top…

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