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US House Sends Fed CBDC Ban to Trump’s Desk as Housing Bill Clears Congress

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Shiraz Jagati.

The U.S. House of Representatives has approved the 21st Century ROAD to Housing Act, sending legislation that bars the Federal Reserve from issuing a central bank digital currency (CBDC) through 2030 to President Donald Trump for his signature.

Key facts

Summary

The U.S. Key Takeaways The US House cleared the housing package this week, sending a Fed CBDC ban running through Dec. 31, 2030 to President Trump. The Senate passed the bill 85-5 on June 22, folding a long-sought digital-dollar prohibition into broader housing policy. Stablecoins remain exempt, keeping private dollar tokens as the main digital-dollar route while the ban holds to 2030.

#Federal Reserve (FED) #US Congress #US Senate #Donald Trump #White House #Federal Reserve (FED)