The Senate passed a housing bill that bars the Fed from issuing a CBDC until 2030, sending the measure to the House for a vote.
CBDC News
The United States Senate passed a major housing bill on June 22 that also bans the Federal Reserve from creating a central bank digital currency (CBDC) until 2030. The vote was 85 to 5.
The bill is known as the 21st Century ROAD to Housing Act. It aims to raise the supply of homes in the United States and stop large corporate landlords from dominating the housing market.
Bill Adds CBDC Ban Until 2030
The Senate first added the CBDC ban when it passed an earlier version of the bill in March 2026. The language says the Fed may not issue or create a CBDC, or any digital asset that is substantially similar to one.
A bipartisan group of House and Senate leaders reached a deal last week to move the bill forward together. House Committee on Financial Services Chairman French Hill said the bill makes progress toward building more homes and lowering costs for American families.
House Republicans pushed to include the anti-CBDC language in the housing bill. Attaching the provision to a must-pass bill is a common legislative strategy, even though housing and digital currency policy are unrelated topics.
The ban includes a carve-out for stablecoins, defined in the bill as dollar-denominated currency that is open, permissionless, and private. Even after the ban ends in 2030, the Fed cannot act on a CBDC without explicit approval from Congress.
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The bill now moves to the House for a vote. House GOP leaders plan to schedule an expedited vote once the chamber returns from recess. After that, the bill would go to the president's desk to be signed into law.
The current administration has spoken firmly against CBDCs. Treasury Secretary Scott Bessent said last month that CBDCs are off the table, and that the administration will instead focus on passing the CLARITY Act, a separate piece of digital asset legislation.
Other countries are moving in the opposite direction. China has signed up 26 financial institutions to its digital yuan cross-border payment platform, according to Reuters.
Three countries have officially launched a CBDC. Forty-one are in a pilot phase, 33 are in development, and 40 are still researching the idea, according to the Atlantic Council.
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