Senate Passes Bipartisan Housing Bill Including Temporary Ban on Fed Digital Currency
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Senate passed the 21st Century ROAD to Housing Act 89-10, pairing housing affordability reforms with a temporary ban on a Federal Reserve CBDC; first major housing legislation in ~30 years. Temporary CBDC ban reduces near-term regulatory risk for crypto and DeFi, which could support adoption and market sentiment if the measure survives. Significant House resistance and lawmakers' exclusion from negotiations create uncertainty about final passage and the ultimate impact on crypto regulation and market outcomes.
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- Senate passes major housing bill tying affordability reforms to a temporary CBDC ban.
- An overwhelming 89-10 Senate vote signals rare bipartisan alignment on housing policy.
- House resistance and the CBDC debate threaten the path forward for the housing overhaul bill.
The U.S. Senate passed a major bipartisan housing bill, combining housing incentives with a temporary ban on a Federal Reserve digital currency. The 21st Century ROAD to Housing Act aims to lower housing costs, encourage new construction, and redevelop abandoned buildings, marking the first major housing legislation in roughly thirty years. Passed 89-10, the bill now faces uncertainty in the House, where lawmakers express frustration over being excluded from key negotiations.
Bipartisan Effort to Address Housing Challenges
The legislation brings together proposals from both parties, spearheaded by Se…
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