US House Passes Bill to Bar Fed From Issuing CBDC Until 2030

The US House of Representatives passed a bill that would bar the Federal Reserve from issuing a central bank digital currency, or CBDC, until 2030.

Watcher.Guru reported on June 23 that the House formally approved legislation restricting the Fed from issuing or operating a CBDC or a similar digital asset.

The provision was included in the 21st Century ROAD to Housing Act, which recently passed the Senate. The measure's core provision would prohibit the Fed from issuing a CBDC through Dec. 31, 2030.

Republicans have backed the legislation, arguing that a CBDC could expand government financial surveillance and infringe on individual financial freedom. The Trump administration has also repeatedly opposed the introduction of a CBDC.

Treasury Secretary Scott Bessent previously said a CBDC was "off the table" and stressed that the US would focus on fostering stablecoins and the broader digital-asset industry.

The bill now only needs the president's signature. If enacted, the measure would effectively halt US discussions on CBDC development, while further reinforcing a digital-dollar strategy centered on private stablecoins.