US Senate Passes Housing Bill With Four-Year Fed CBDC Ban
https://www.zerohedge.com/crypto/us-senate-passes-housing-bill-four-year-fed-cbdc-ban
The U.S. Senate passed a sweeping housing affordability bill Monday night — and tucked inside its pages is a provision that could permanently reshape America’s digital currency landscape: a formal ban on a Federal Reserve-issued central bank digital currency through the end of 2030.
The 21st Century ROAD to Housing Act cleared the Senate 85-5, with Republican leaders insisting the CBDC restriction ride along with one of the most bipartisan bills in years. The House was poised to fast-track a vote as early as Tuesday, putting the measure on a direct path to President Donald Trump’s desk for signature.
The bill’s language is sweeping: the Board of Governors of the Federal Reserve System or any Federal Reserve bank may not issue, create, or circulate a central bank digital currency — directly or through any intermediary — through December 31, 2030.
It explicitly shields private stablecoins, carving out any “open, permissionless, and private” dollar-denominated asset.
Trump set the political foundation for the ban in January 2025, signing an executive order barring his administration from any CBDC activity, warning it would threaten “the stability of the financial system, individual privacy, and the sovereignty of the United States”.
New Fed Chair Kevin Warsh, who replaced Jerome Powell, has called a U.S. CBDC a “bad policy choice” — making the Fed and the White House, for once, aligned. Continue…