- The US House and Senate have reached a deal on a housing bill that includes a ban on the Federal Reserve creating a central bank digital currency (CBDC) until 2030.
- The updated 21st Century Road to Housing Act also aims to address housing affordability and bans institutional investors from buying existing single-family homes to rent.
- The clause revives language from a previous Republican bill and creates a carveout for permissionless, private stablecoins.
A bipartisan group of US congressional leaders struck a deal this week to advance major housing legislation that includes a multi-year prohibition on the creation of a government-run digital dollar. This agreement marks a significant political victory for Republican lawmakers who have long opposed CBDCs. Consequently, the Federal Reserve is now barred from directly or indirectly issuing any digital asset substantially similar to a central bank digital currency until December 31, 2030, according to the bill’s text.
The ban revives much of the language from Republican Representative Tom Emmer’s Anti-CBDC Surveillance State Act. It includes a specific carveout for “dollar-denominated currency that is open, permissionless, and private,” effectively protecting certain stablecoins. This legislative move follows an executive order signed by US President Donald Trump in January 2025, which banned federal agencies from all CBDC-related work.
Meanwhile, the overall housing bill itself focuses on affordability and restricts institutional investors from purchasing existing single-family homes. The Senate has now added further amendments that will be put before the House for a final vote after it returns from recess on June 23, two people familiar with the plan told Politico. Crypto advocates have consistently criticized CBDCs as a governmental attempt to repurpose crypto technology into a centrally-controlled asset.
The deal also allows Congress to potentially focus on passing other legislation, such as the crypto-regulating CLARITY Act, before the November midterm elections. The bipartisan group of House and Senate leaders released the updated version of the 21st Century Road to Housing Act on Tuesday.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
