Overview
- The House sent the 21st Century ROAD to Housing Act to President Trump after the Senate approved the reconciled bill 85-5, with the Senate vote taking place on Monday, June 22 and the House forwarding the package on Tuesday, June 24.
- The law would bar the Federal Reserve from issuing or creating a retail central bank digital currency or any digital asset substantially similar to one until December 31, 2030, unless Congress acts again.
- The provision explicitly preserves private, dollar‑denominated stablecoins that are open, permissionless and privacy‑preserving, keeping them legally available to compete in payments while a Fed retail CBDC is paused.
- Because the Fed had not moved beyond research and limited exploration, the statutory ban largely codifies the existing U.S. stance rather than terminating an active federal CBDC program.
- The bill now depends on the president’s signature to take effect and recent reporting says President Trump canceled a planned signing ceremony and linked his approval to further congressional action on a separate voting bill, creating uncertainty over immediate enactment.