The U.S. Congress has moved to ban the issuance of a CBDC until 2030, allowing private stablecoins to continue development.
The U.S. Congress has taken a significant step by advancing the 21st Century ROAD to Housing Act, which includes a provision that bars the Federal Reserve from issuing a Central Bank Digital Currency (CBDC) until December 31, 2030.
This prohibition extends to any virtual assets that are deemed "substantially similar" to a CBDC, although it allows for the development and use of private stablecoins.
This legislative measure is part of a larger package aimed at addressing housing affordability and has gained traction due to the combination of various initiatives, overcoming previous hurdles in Congress.
The initiative has strong support from Republicans and was influenced by former President Donald Trump's administration, which issued an executive order in January 2025 labeling CBDCs as potential threats to financial stability and individual privacy. Additionally, Treasury Secretary Scott Bessent has reiterated the government's stance against the introduction of a digital dollar.
A procedural vote in the Senate is anticipated soon, with the House set to review the bill after June 23, before it is sent to the President for approval.
Importantly, a ban on CBDC issuance was also included in the 2026 defense budget proposal by American lawmakers in August 2025.
