Why does the housing bill include a ban on a US central bank digital currency?

The housing bill includes a provision that would prevent the Federal Reserve from issuing a central bank digital currency until Dec. 31, 2030. Supporters argue that a CBDC could raise concerns about privacy, financial oversight and government control of digital payments.

What does the proposed CBDC ban prevent the Federal Reserve from doing?

The legislation would prohibit the Federal Reserve from directly or indirectly issuing a central bank digital currency or a digital asset that is substantially similar to a CBDC. The restriction would remain in place until the end of 2030 if enacted.

How are stablecoins treated under the proposed CBDC ban?

The bill includes an exemption for stablecoins that are described as dollar-denominated, open, permissionless and private. This means the proposed restrictions would not apply to qualifying stablecoin projects.

What is the connection between the housing bill and the Anti-CBDC Surveillance State Act?

The CBDC language in the housing bill closely mirrors provisions from the Anti-CBDC Surveillance State Act introduced by Representative Tom Emmer. That standalone bill passed the House in 2025 but was not taken up by the Senate.

What happens next for the CBDC ban proposal?

House Republican leaders plan to bring the revised housing bill to a vote after lawmakers return on June 23. If approved by Congress and signed into law, the CBDC ban would remain in effect through Dec. 31, 2030.

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Congress advances CBDC ban through 2030

Written by Liezl GambePublished Jun 17, 2026, 7:03 AM

US House and Senate leaders agreed on a housing bill that includes a ban on a Federal Reserve central bank digital currency until the end of 2030.
The measure would prohibit the Federal Reserve from issuing a CBDC or a substantially similar digital asset.
Lawmakers are seeking to finalise the housing package before turning attention to other crypto legislation, including the CLARITY Act.

US congressional leaders reached an agreement on a housing bill that includes a ban preventing the Federal Reserve from issuing a central bank digital currency until Dec. 31, 2030.

The updated 21st Century Road to Housing Act reconciles differences between House and Senate versions after both chambers previously approved separate versions of the legislation.

“The Federal Reserve may not, directly or indirectly, issue or create a central bank digital currency or any digital asset that is substantially similar to a central bank digital currency,” the bill states.

The proposal includes an exemption for stablecoins described as dollar-denominated currency that is open, permissionless and private.

House Republican leaders plan to bring the legislation to a vote after lawmakers return on June 23, and following the announcement there was no immediate market reaction available for major cryptocurrency assets.

The CBDC language closely mirrors provisions contained in Representative Tom Emmer's Anti-CBDC Surveillance State Act, which passed the House in 2025 but did not advance in the Senate.

US President Donald Trump also signed an executive order in January 2025 directing federal agencies to halt work related to central bank digital currencies, citing concerns around privacy, financial stability and national sovereignty.