The US Senate and House of Representatives have agreed to advance the 21st Century ROAD to Housing Act. This legislation prohibits the Federal Reserve from issuing a Central Bank Digital Currency (CBDC) until December 31, 2030.
The restriction applies to the creation of a CBDC or any "substantially similar" virtual assets. However, the bill makes an exception for private stablecoins, allowing their development and use.
The CBDC ban is part of a broader housing affordability legislation package. Combining various initiatives has expedited the passage of this bill, which previously faced resistance in Congress.
The initiative is backed by Republicans and the administration of former President Donald Trump. In January 2025, Trump signed an executive order against CBDCs, labeling them a threat to financial stability and citizens' privacy. Treasury Secretary Scott Bessent also confirmed that the government does not plan to implement a digital dollar.
The Senate is expected to hold a procedural vote soon, while the House will review the legislation after June 23. Following this, the bill will be sent to the President for signature.
It’s worth noting that in August 2025, American lawmakers included a ban on the issuance of a CBDC in the 2026 defense budget proposal.