US House Sends Fed CBDC Ban to Trump’s Desk as Housing Bill Clears Congress

The U.S. House of Representatives has approved the 21st Century ROAD to Housing Act, sending legislation that bars the Federal Reserve from issuing a central bank digital currency (CBDC) through 2030 to President Donald Trump for his signature.

The Senate passed the bill 85-5 on June 22, folding a long-sought digital-dollar prohibition into broader housing policy. Stablecoins remain exempt, keeping private dollar tokens as the main digital-dollar route while the ban holds to 2030.

The bill’s language is unusually direct, stating the Federal Reserve may not, directly or indirectly, issue or create a CBDC or any digital asset substantially similar to a CBDC, effective until Dec. 31, 2030.

The ban effectively writes into law the stance Trump took in January 2025, when he signed an executive order opposing CBDC development and citing risks to financial privacy. The bill includes a carve-out for dollar-denominated currency that is open, permissionless and private.

The House gave final approval with a 358-32 vote. The provision revived language from Republican Representative Tom Emmer’s Anti-CBDC Surveillance State Act.