U.S. Senate advances housing bill with attached CBDC ban, supported by the White House

2026-03-03 00:51:07

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Deep Tide TechFlow News, March 3rd, reports that the U.S. Senate overwhelmingly passed the “21st Century Housing Act” with a vote of 84 to 6. The bill includes a provision that bans the Federal Reserve from issuing central bank digital currencies (CBDC), effective until the end of 2030.

This provision was pushed by conservative members of the House and prohibits the Federal Reserve from directly or indirectly issuing digital dollars through financial institutions. The White House has expressed support for the bill, stating that if it is submitted to the President in its current form, they would recommend signing it into law. The bill also includes measures to increase housing supply and restrict institutional purchases of single-family homes, but it must be coordinated with the House version before being sent to the President for signature.

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