3 weeks ago
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The ban, tucked into the 21st Century ROAD to Housing Act, is the first of its kind passed by Congress. It bars the Federal Reserve from issuing or creating a CBDC, or any substantially similar digital asset, through December 31, 2030, and requires explicit congressional authorization for any digital dollar effort after that date.
Key Takeaways
- The Senate passed H.R. 6644 in an 85-5 vote on June 22, and the House cleared the amended version 396-13
- The CBDC prohibition, contained in Section 1101 of the enrolled bill, runs through December 31, 2030
- The law exempts any dollar-denominated currency that is open, permissionless, and private, leaving stablecoin issuers untouched
- The bill sat on Trump’s desk for the maximum 10 days, excluding Sundays, before becoming law without action
A Crypto Ban Delivered Through a Housing Package
The prohibition traveled inside legislation that has nothing to do with digital assets. The act is primarily a bipartisan package meant to boost housing supply and stop large investors from buying up single-famil...
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