U.S. Senate Approves Bill to Ban the Digital Dollar: Key Changes in Fintech Regulation

22.06.2026

The U.S. Senate passed a bill banning the introduction of a digital dollar, marking an important step in regulating digital currencies at the national level. The bill received support from a majority of senators, reflecting concerns about the potential impact of a government-issued digital currency on citizens’ financial freedom and data privacy.According to official sources, 60 senators voted in favor of the initiative, while 38 voted against it. The bill prohibits the Federal Reserve System from developing and launching a digital dollar and restricts any actions aimed at creating a national digital currency.Supporters of the bill note that the ban helps protect privacy and prevents potential government control over citizens’ financial transactions. Opponents, however, believe that rejecting the digital dollar could slow innovation in the financial sector and reduce U.S. competitiveness in the global digital asset market.The bill is expected to be considered by the House of Representatives in the near future. If approved, it will become one of the most significant pieces of legislation governing digital financial technologies in the United States.