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U.S. Senate Housing Bill Includes CBDC Ban
The bipartisan housing bill bans Federal Reserve retail CBDC issuance until 2030 with privacy-protecting exceptions, backed by the White House over privacy concerns.
- Yesterday, the U.S. Senate advanced the 21st Century ROAD to Housing Act with a provision that bars the Federal Reserve from issuing a CBDC through Dec. 31, 2030.
- Aimed at boosting housing supply, the bill includes a two-page provision that bars the Federal Reserve from issuing a CBDC until December 31, 2030, with an exception for private currencies, as noted in the 303-page bill.
- The bill's text states the Board of Governors of the Federal Reserve System or a Federal Reserve Bank may not issue a central bank digital currency, either directly or indirectly through financial institutions.
- The White House quickly backed the bill, saying the president would sign it and warning a CBDC could threaten personal privacy and liberty; Federal Reserve officials said a digital dollar needs explicit congressional approval.
- It includes a sunset through Dec. 31, 2030 and carves out permissionless, private "dollar-denominated" currencies that "fully preserve the privacy protections" of cash, while lawmakers note similar language appeared in prior bills and the House passed a standalone ban last year.
15 Articles
15 Articles
U.S. Senate Pushes Housing Reform Bill With Surprise CBDC Ban
The United States (U.S.) Senate has taken a major bipartisan step by advancing the 21st Century ROAD to Housing Act. The bill combines housing reforms with a ban on central bank digital currencies (CBDC). According to Burgess Everett, congressional bureau chief at Semafor, the legislation passed a key procedural vote of 84–6. The result signals broad support for changes affecting both housing policy and digital money rules. Housing Supply Push C…
U.S. Senate Housing Bill Includes Temporary CBDC Prohibition
Senate housing bill advances with temporary Fed retail CBDC ban through 2030. Proposal bars the Federal Reserve from issuing a retail CBDC directly or through intermediaries. Narrow privacy carveout excludes open, cash-like digital assets from the ban. The U.S. Senate has advanced a major housing affordability package that includes a temporary prohibition on the Federal Reserve issuing a retail central bank digital currency (CBDC). The provision…
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