- Senate and House leaders agreed on a new housing bill.
- The legislation includes a CBDC ban through 2030.
- The Federal Reserve would be prohibited from issuing a CBDC.
- The bill now heads to procedural votes.
U.S. lawmakers have reached a bipartisan agreement on a major housing package that also includes a temporary ban on a central bank digital currency (CBDC).
The updated "21st Century ROAD to Housing Act" would prohibit the Federal Reserve from issuing or creating a CBDC, or any digital asset substantially similar to one, until December 31, 2030.
The bill's primary focus remains housing affordability and increasing housing supply, but House Republicans successfully pushed for the anti-CBDC provision to be included.
The move aligns with the Trump administration's current position on digital currencies. Treasury Secretary Scott Bessent recently stated that CBDCs are not being considered and that the administration remains focused on broader digital asset legislation.
The proposal will now move through procedural votes in the Senate before heading to the House. If approved by both chambers, it would be sent to President Trump for final approval.
The inclusion of a CBDC ban demonstrates growing political opposition to government-issued digital currencies in the United States.
