House Republicans Maintain Federal Reserve CBDC Ban Until 2030

House Republican leaders have introduced an amendment to the ROAD to Housing Act, which extends the ban on a Federal Reserve Central Bank Digital Currency (CBDC) until the end of 2030. According to NS3.AI, the amendment stipulates that the Federal Reserve cannot issue a CBDC without obtaining separate congressional approval. The Senate had previously passed the bill in March with a vote of 89-10. However, progress in the House has been stalled due to conservative objections to certain provisions within the bill.