Summary
- The US Senate passed the 21st Century ROAD to Housing Act, which includes a provision barring the Federal Reserve from issuing a CBDC.
- The bill would prohibit the Fed from issuing or operating a CBDC or a substantially equivalent digital asset through Dec. 31, 2030.
- The bill must still pass the House and be signed by President Donald Trump, while the Treasury secretary said a CBDC is "not under consideration" and that the administration would focus on advancing digital-asset market-structure legislation.
Forecast Trend Report by Period
The US Senate has passed a sweeping housing bill that includes a provision barring the Federal Reserve from issuing a central bank digital currency, or CBDC.
The Block reported on June 22 that the Senate approved the 21st Century ROAD to Housing Act in an 85-5 vote.
The bipartisan measure is aimed at expanding housing supply in the US and easing affordability pressures. Its core provisions seek to curb the market dominance of corporate landlords and boost housing supply.
The bill also includes a provision prohibiting the Fed from issuing or operating a CBDC, or a digital asset substantially equivalent to one, through Dec. 31, 2030.
The CBDC provision was added at Republicans' request during negotiations, The Block reported. Market participants see the inclusion of a CBDC ban in a housing bill as unusual, but also as part of a broader congressional strategy of attaching separate policy priorities to major legislation.
The bill must still pass the House and be signed by President Donald Trump before taking effect. Treasury Secretary Scott Bessent previously said a CBDC is "not under consideration" and that the administration would focus on advancing digital-asset market-structure legislation, including the CLARITY Act.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
