US House Sends Fed CBDC Ban to Trump’s Desk as Housing Bill Clears Congress

The U.S. House of Representatives has approved the 21st Century ROAD to Housing Act, sending legislation that bars the Federal Reserve from issuing a central bank digital currency (CBDC) through 2030 to President Donald Trump for his signature.

“[The central bank] may not issue or create a central bank digital currency…directly or indirectly through a financial institution or other intermediary.”

Critics of central bank digital currencies argue that a state-run digital dollar could let authorities monitor or restrict how citizens transact, while proponents have pitched it as a modernization of public money. For the rest of the decade, the bill sides decisively with the skeptics.

With both chambers aligned, the bill heads to President Trump, who is expected to sign it, given his earlier executive order. His signature would convert the temporary prohibition into binding law through Dec. 31, 2030.