View all text of Subchapter XII [§ 411 - § 423]
§ 423. Central bank digital currency
(a) Definitions
In this section:
(1) Central bank digital currency
The term “central bank digital currency” means a digital asset that—
(A) is denominated in United States dollars;
(B) is a United States currency;
(C) is a direct liability of the Federal Reserve System; and
(D) is widely available to the general public.
(2) Digital asset
(b) Prohibition
(c) Exception
(d) Sunset
(e) Rule of construction
(Dec. 23, 1913, ch. 6, § 16A, as added Pub. L. 119–101, title XI, § 1101, July 11, 2026, 140 Stat. 983.)