The US Senate and House of Representatives have agreed to advance the 21st Century ROAD to Housing Act bill. The document prohibits the Fed from issuing a CBDC until December 31, 2030.
The restriction concerns the creation of a central bank digital currency or any «substantially similar» virtual assets. At the same time, the document makes an exception for private stablecoins — their development and use are permitted.
The CBDC ban became part of a broad package of affordable-housing laws. Combining different initiatives made it possible to speed up the passage of the document, which had previously faced resistance in Congress.
The initiative is supported by Republicans and the administration of US President Donald Trump. In January 2025, the latter signed an executive order against CBDCs, calling them a threat to financial stability and to citizens' privacy. Treasury Secretary Scott Bessent also confirmed that the government does not plan to introduce a digital dollar.
The Senate is expected to hold a procedural vote in the near future. The House of Representatives will consider the law after June 23. After that, the document will go to the president for signature.
Recall that in August 2025, US lawmakers included a ban on the issuance of a central bank digital currency in the draft defense budget for 2026.
Source: ForkLog
