Senate Bans Fed CBDC Until 2030 in 85-5 Vote Attached to Housing Bill
The U.S. Senate passed a housing supply and affordability bill 85-5 that includes a provision prohibiting the Federal Reserve from issuing a central bank digital currency through the end of 2030. The four-year ban was tucked into legislation primarily aimed at housing, giving it unusually broad bipartisan support. The bill now moves toward the House before any potential presidential signature.
A federal CBDC has long been viewed as a potential competitor to existing stablecoins and crypto payment networks — a government-issued digital dollar could crowd out private alternatives. Blocking the Fed from developing one through 2030 removes a significant regulatory overhang for stablecoin issuers and crypto payment rails, and is directionally positive for assets in that segment. The lopsided 85-5 vote signals this isn't a fringe position — it's a bipartisan policy consensus, which makes reversal before 2030 unlikely.
House floor vote on the housing bill (no fixed date yet, watch for scheduling announcements). Next Senate Banking Committee hearings on stablecoin legislation (ongoing). Next FOMC meeting: July 29-30.
- U.S. Senate passes housing bill that carries four-year ban on a Fed CBDC · CoinDesk
- US Senate passes housing supply bill featuring CBDC ban in 85-5 vote · The Block
- US Senate passes housing bill with CBDC ban until 2030 · Cointelegraph
- Digital euro: EU Parliament advances digital currency · Handelsblatt
- Majority of EU lawmakers back digital euro · Süddeutsche Wirtschaft
- Trump cancels housing legislation signing ceremony, calls bill 'of minor importance' · MarketWatch
- Trump refuses to sign law with U.S. CBDC ban, demands approval of elections bill · CoinDesk
- Trump holds affordable housing bill hostage over voter ID legislation · Fortune
- Trump cancels signing of housing bill with CBDC ban · Cointelegraph
- Trump Cancels Signing of Bipartisan Housing Bill Containing CBDC Ban: 'Of Minor Importance' · Decrypt
- Trump cancels signing of housing bill citing urgency to pass Save America Act · Seeking Alpha
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