New Housing Bill Prevents Federal Reserve From Issuing CBDC— But Only Until 2030

The US Senate advanced the 21st Century ROAD to Housing Act, which includes a two-page provision temporarily banning the Federal Reserve from issuing a retail Central Bank Digital Currency (CBDC) directly or indirectly until 2030. This legislation, which merges House and Senate housing priorities with efforts to curb institutional investors, passed the Senate 84-6. While the ban addresses privacy concerns about potential government surveillance through CBDCs, the 2030 expiration date has drawn criticism, as it contradicts the Trump administration's strong, long-standing opposition to a US digital dollar. The White House has indicated support for the bill in its current form, but the sunset clause leaves the door open for future CBDC implementation after the deadline.

(Source：BeInCrypto)