Senate Advances Housing Bill with CBDC Ban, Secures White House Support
- The U.S. Senate voted 84–6 to advance the bipartisan housing package known as the “21st Century ROAD to Housing Act.”
- The bill includes a provision that prohibits the issuance of a central bank digital currency (CBDC) by the Federal Reserve until the end of 2030.
- House conservatives pushed for the inclusion of this CBDC ban rather than advancing it as standalone crypto legislation.
- The White House has expressed support for the bill, indicating President Trump would sign it if presented in its current form.
- Federal Reserve officials have stated that any U.S. CBDC would require explicit congressional approval and is currently exploratory.
The Senate’s decision to include a CBDC ban within a housing bill reflects an unusual intersection between digital asset policy and housing legislation, driven by House conservatives’ advocacy efforts.
With strong bipartisan support and backing from the White House, this bill represents a significant step in shaping both housing policy and digital currency regulation in the U.S., though final negotiations with the House remain pending.( Source)
