Circle Gains Competitive Edge, Senate Bans Federal Digital Dollar Until 2030

The U.S. Senate passed a bill prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC) until 2030.

Senators approved the measure as part of a bipartisan housing bill in an 85-5 vote.

The legislation explicitly shields private, permissionless stablecoins from the ban.

This provision grants Circle a clear expansion path without government-backed competition for at least four years.

The bill now moves to the House of Representatives before reaching the President for final approval.

This development provides regulatory clarity and a competitive advantage for Circle’s USDC stablecoin in the U.S. market.