U.S. Congress Reaches Agreement on Housing Bill, Extending CBDC Ban Until 2030

On June 17, Bloomberg reported that U.S. congressional leadership reached a consensus on a comprehensive housing bill on Tuesday, successfully breaking the months-long legislative deadlock between the House and Senate.

The agreed-upon bill is broad in scope, covering not only regulatory provisions related to the real estate market, but also new rules concerning financial supervision and digital currencies.

At the housing market level, the bill clearly limits institutional investors from acquiring single-family homes, while removing a previously highly controversial clause that no longer requires investors to dispose of related properties within seven years after the property is completed for rental.

In addition, the bill also includes measures related to de-regulating banking to send a signal of financial easing. These measures both standardize investment behavior in the housing market and reflect a more easing-oriented approach in the area of financial regulation, creating a combined policy effect.

One key provision in the bill that has drawn significant attention from the crypto market is extending the Federal Reserve’s ban on developing a central bank digital currency (CBDC) until 2030. This arrangement also makes clear that the U.S. will not move forward with CBDC in the short to medium term.

Under the congressional process, the Senate is expected to vote on the bill this week, while the House will complete its review next week. The bill will then be submitted to the U.S. President for signature to take effect. If progress goes smoothly, this bill—covering multiple crypto regulatory measures—will be formally implemented soon.

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