US Senate Passes Housing Bill With CBDC Ban Through 2030

The US Senate has passed a major housing bill that includes a surprise for the crypto industry: a ban on the Federal Reserve issuing or developing a central bank digital currency (CBDC) until at least 2030. The bill passed with strong bipartisan support, 85-5, and is expected to move quickly through the House. If it becomes law, the measure will stop the Fed from creating a digital dollar or any similar digital asset, but stablecoins would still be allowed under separate rules.

The CBDC ban is part of the larger 21st Century Road to Housing Act, which aims to address housing shortages in the US. While housing is the focus, lawmakers added the CBDC provision to gain more support from Republicans and crypto-friendly legislators.

Many cryptocurrency advocates have long opposed CBDCs, saying that government-issued digital currencies could lead to greater financial surveillance and less privacy. Supporters of the ban see the Senate vote as a big win for the crypto industry and for supporters of decentralized finance.

The bill makes an important exception for stablecoins, especially dollar-backed digital currencies on open networks. It also says that even after the ban ends in 2030, the Federal Reserve would still need Congress’s approval to launch any CBDC program.

This move comes as many countries keep working on their own digital currency projects. China recently expanded its digital yuan cross-border payment network, and dozens of other countries are at different stages of CBDC research, development, or testing.

If the House approves the bill and it becomes law, it would be one of the strongest legal barriers to CBDC development among major economies. This could shape future debates about digital money, privacy, and the role of central banks in a digital world.

Statement from Chairman @SenatorTimScott and Ranking Member @SenWarren on Senate passage of the 21st Century ROAD to Housing Act, a bipartisan step toward addressing America’s housing affordability crisis. pic.twitter.com/RUrvhWPvn3

— U.S. Senate Banking Committee GOP (@BankingGOP) June 22, 2026

Press Release: banking.senate.gov

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