The US Senate and House of Representatives have agreed to advance the 21st Century ROAD to Housing Act. The bill prohibits the Federal Reserve from issuing CBDC until December 31, 2030.
The restriction applies to the creation of a central bank digital currency or any “substantially similar” virtual assets. However, the bill makes an exception for private stablecoins, allowing their development and use.
The CBDC ban is part of a broader affordable housing legislative package. Combining various initiatives has expedited the passage of the bill, which previously faced resistance in Congress.
The initiative is supported by Republicans and the administration of US President Donald Trump. In January 2025, Trump signed an order against CBDCs, calling them a threat to financial stability and citizen privacy. Treasury Secretary Scott Bessent also confirmed that the government does not plan to implement a digital dollar.
The Senate is expected to hold a procedural vote soon. The House of Representatives will consider the bill after June 23. Following this, the document will be sent to the president for signing.
In August 2025, US lawmakers included a ban on issuing a central bank digital currency in the 2026 defense budget proposal.
