Because buried inside section 1,01 is a sunset clause. The prohibition on the Fe...

…this looks like the total surrender of the regulatory state. The official story is that the crypto lobby has defeated the digital dollar. But if you read the actual text of the legislation, a very different picture emerges. Because while the headlines say the war is over, the fine print tells us exactly when the next battle is scheduled to begin. Because buried inside section 1,01 is a sunset clause. The prohibition on the Federal Reserve issuing a CBDC is not permanent. It explicitly expires on the 31st of December, 2030. So let's be precise about what is actually happening here. This is not a ban, but a temporary 4-year moratorum. And to understand why this expiration date exists, we have to look at the political maneuvering of the bill's co-author, Senator Elizabeth Warren. As the ranking member of the Senate Banking Committee, she had direct influence over every single word of section 101. According to multiple reports, Senator Warren flatly refused to allow a permanent b…