The U.S. Senate housing bill includes a ban on central bank digital currencies.

ZkProver · 2026-03-03T02:00:59+00:00

The U.S. Senate Banking Committee has included a provision in a housing bill that prohibits the Federal Reserve from issuing a Central Bank Digital Currency (CBDC), effective until 2030. The bill aims to promote housing development and is supported by the White House, which believes this move can protect individual privacy.

ZkProver

2026-03-03 02:00:59

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ChainCatcher reports that, according to CoinDesk, the U.S. Senate Banking Committee has included a temporary ban on the Federal Reserve issuing central bank digital currencies (CBDC) in its latest bipartisan housing bill. The bill, titled the “21st Century Housing Act,” jointly proposed by Committee Chair Tim Scott and senior member Elizabeth Warren, aims to promote housing development in the U.S. by reducing regulatory barriers.

Within the 303-page bill, a two-page CBDC ban stipulates that the Federal Reserve Board or Federal Reserve Banks shall not directly or indirectly issue or create CBDC or any similar digital assets through financial institutions or intermediaries. The ban is effective until December 31, 2030, and includes an exception for permissionless, private “dollar-denominated” currencies that fully preserve physical cash privacy protections.

In a statement supporting the bill, the White House explicitly mentioned support for this CBDC provision, stating it “prevents the development of CBDC that could pose significant threats to individual privacy and freedom.” Previously, Congress has attempted multiple times to pass similar bans; the House passed a standalone bill last year, but it has not yet been fully approved by Congress.

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