Overview
- The 21st Century ROAD to Housing Act carries a provision barring the Federal Reserve from issuing a U.S. central bank digital currency through Dec. 31, 2030.
- The text prohibits the Fed from creating a CBDC or any substantially similar digital asset directly or indirectly, including via banks or other intermediaries.
- Despite the lopsided Senate vote, House leaders signaled they may rewrite portions of the package, especially limits on large investors’ single-family home purchases.
- President Donald Trump has threatened not to sign any bills until Congress passes the SAVE Act requiring voter identification and proof of citizenship.
- Some senators are pressing for a permanent prohibition even as the U.S. remains at the research stage on a CBDC, leaving the scope and duration of any ban in flux.