Summary
- The US House and Senate have agreed to advance an amendment to the 21st Century Road to Housing Act that includes a ban on issuing CBDCs.
- The bill says the Federal Reserve cannot issue a CBDC or a digital asset substantially similar to one through December 2030.
- The measure also includes a separate provision exempting stablecoins from the ban as "open, permissionless, and private dollar-denominated currency."
Forecast Trend Report by Period
The US House and Senate have agreed to advance an amendment to a housing bill that would bar the issuance of a central bank digital currency, or CBDC.
Cointelegraph and other outlets reported on June 16 that House and Senate leaders reached agreement on June 15 on an amendment to the 21st Century Road to Housing Act. The legislation includes provisions aimed at limiting business models in which institutional investors buy single-family homes and rent them out.
The provision drawing the crypto industry's attention would prohibit the Federal Reserve from directly or indirectly issuing a CBDC, or a digital asset substantially similar to one, through December 2030.
Stablecoins would be exempt. The bill includes a separate clause excluding "open, permissionless, and private dollar-denominated currency" from the ban.
The language has prompted speculation that lawmakers revived a core provision from the Anti-CBDC Surveillance State Act, introduced last year by Republican Representative Tom Emmer. That bill passed the House last year but failed to clear the Senate.
Republicans have pushed to ban a CBDC, arguing it could be misused as a tool for monitoring financial information.
President Donald Trump also signed an executive order early last year prohibiting federal agencies from conducting CBDC-related work. At the time, Trump said a CBDC would threaten financial-system stability, personal privacy and US sovereignty.
