US Federal Reserve Barred from Issuing CBDC Until 2030, Stablecoins Exempted

The 21st Century ROAD to Housing Act has introduced a significant provision preventing the US Federal Reserve from issuing a central bank digital currency (CBDC) until 2030. However, this restriction does not apply to certain stablecoins, allowing them to continue operating under current regulations, according to CoinTelegraph.

In the currency markets, the AUD/USD pair traded at 0.6890 on Wednesday, marking a three-month low. This movement came amid investors' cautious assessment of Australia's recent inflation data and anticipation of the upcoming United States Personal Consumption Expenditures Price Index, as reported by FX Street.

For Japanese investors, these developments highlight ongoing regulatory caution in the US digital currency space and underscore the importance of monitoring inflation indicators, which can influence FX volatility and cross-border investment strategies.