Senate-Passed Housing Bill Includes Four-Year Ban on Fed-Issued CBDC Through 2030

The 21st Century ROAD to Housing Act passed the Senate 85-5 on June 22 and cleared the House 358-32 the next day, including a four-year ban on a Federal Reserve-issued central bank digital currency (CBDC). According to NS3.AI, the provision would block a Fed retail digital dollar through the end of 2030 and would require new congressional authorization after that. The article also notes that Circle’s USDC and Tether’s USDT account for more than 80% of a stablecoin market valued at roughly $320 billion. President Trump canceled a planned signing ceremony on June 24, though House leaders expect him to sign the housing package within days.