The final text of the compromise on Section 702 of the US Foreign Intelligence Surveillance Act (FISA) includes a significant amendment concerning Central Bank Digital Currencies (CBDCs). Proposed by Senate Intelligence Committee Chairman Tom Cotton, the compromise text advances the expiration date of the Federal Reserve CBDC ban from December 31, 2030, to June 12, 2029. This amendment, originally part of a housing bill, is expected to be enacted into law, marking a notable shift in the legislative timeline for CBDC regulation.
US FISA Act Compromise Advances CBDC Ban Expiration to 2029
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