U.S. Senate Housing Bill Includes Temporary CBDC Prohibition
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The U.S. Senate's housing bill includes a temporary ban on the Federal Reserve issuing a retail CBDC until 2030, with an 84-6 vote. The proposal contains a narrow privacy carveout for cash-like digital assets, excluding them from the ban.
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- Senate housing bill advances with temporary Fed retail CBDC ban through 2030.
- Proposal bars the Federal Reserve from issuing a retail CBDC directly or through intermediaries.
- Narrow privacy carveout excludes open, cash-like digital assets from the ban.
The U.S. Senate has advanced a major housing affordability package that includes a temporary prohibition on the Federal Reserve issuing a retail central bank digital currency (CBDC). The provision is embedded in the 303-page “21st Century ROAD to Housing Act,” which cleared a key procedural vote by an 84-6 margin on a motion to proceed, limiting debate and opening the measure to full Senate consideration.
The housing bill, described by lawmakers as a comprehensive bipartisan effort to expand housing supply and lower costs, contains CBDC language in Title X, Section 1001. The proposal would amend the Federal Reser…
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