Donald Trump · US Congress · White House · US Senate · The Block
Congress sends anti-CBDC housing bill to Trump’s desk for final approval
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The U.S. House of Representatives has passed the 21st Century ROAD to Housing Act, sending the bill, including anti-central bank digital currency provisions, to President Donald Trump's desk.
Key facts
- The 21st Century ROAD to Housing Act includes language banning the Federal Reserve from issuing or creating a CBDC or any digital asset "substantially similar" to a CBDC, effective until Dec. 31, 2030
- On Tuesday, the bill passed by 358-32, one day after the Senate gave its approval to the legislation with an overwhelming vote
- Today, Congress delivered a major win for families working toward the American Dream," said Senate Banking Committee Chairman Tim Scott
- The U.S. House of Representatives has passed the 21st Century ROAD to Housing Act, sending the bill, including anti-central bank digital currency provisions, to President Donald Trump's desk
Summary
The U.S. On Tuesday, the bill passed by 358-32, one day after the Senate gave its approval to the legislation with an overwhelming vote. The legislative process notably accelerated last week when key senators and House representatives jointly released an updated version of the legislation, ending months of delay. "Today, Congress delivered a major win for families working toward the American Dream," said Senate Banking Committee Chairman Tim Scott. The 21st Century ROAD to Housing Act includes language banning the Federal Reserve from issuing or creating a CBDC or any digital asset "substantially similar" to a CBDC, effective until Dec. 31, 2030.