U.S. Housing Bill Includes Anti-CBDC Clause! Bipartisan Consensus: Ban Issuance of "Digital Dollar" by 2030

The U.S. House and Senate reached a bipartisan consensus on the "21st Century Housing Road Act," aimed at solving the housing crisis and explicitly banning the Federal Reserve from issuing central bank digital currencies before the end of 2030.

On Tuesday, the U.S. Congress Senate and House announced they had reached a bipartisan agreement on the "21st Century Housing Road Act," which not only aims to address America's housing affordability crisis but also includes a key provision: prohibiting the Federal Reserve (Fed) from issuing or creating a central bank digital currency (CBDC) before December 31, 2030.

On June 16, Senators Tim Scott, Elizabeth Warren, and Representatives French Hill and Maxine Waters jointly released an updated version of the "21st Century Housing Road Act," reflecting the final consensus between both parties and chambers on the bill's content.

This bill, considered the most significant real estate policy reform in nearly 20 years, primarily aims to restrict institutional investors from acquiring single-family homes in large numbers, increase housing supply in the U.S., and lower home prices. The new version also includes some amendments, such as adding a three-year sunset clause for disaster relief programs, in response to concerns raised by some House members, facilitating consensus between the two chambers.

In a joint statement, Tim Scott said, "This bill embodies years of effort to lower costs, increase housing supply, reduce bureaucracy, protect taxpayers, and help more Americans achieve the dream of homeownership. It’s time to take the final step and deliver real relief to the American people."

Most notably for the crypto community, the bill explicitly bans the Federal Reserve from issuing or creating CBDCs, or any digital assets that are "substantially similar" to CBDCs, with the ban lasting until December 31, 2030.

Although including an anti-CBDC clause in a housing bill may seem unrelated, embedding controversial policies into major social legislation that is almost certain to pass is a common legislative strategy in the U.S.

In fact, the Trump administration has been strongly opposed to a "digital dollar." Just last month, U.S. Treasury Secretary Scott Bessent reiterated that issuing a CBDC is "not under consideration." He clearly stated that the current administration’s focus is on successfully passing the "Digital Asset Market Clarity Act."

Legislative process entering final stages, with approval possible after June 23

According to Politico reports on Tuesday, Senate Majority Leader John Thune said that the revised bill will first undergo a procedural vote in the Senate, then be sent to the House for a vote. The earliest expected date for the vote is immediately after the recess around June 23. Once both chambers complete the legislative process, it will be sent to President Trump for signature into law.

• This article is reprinted with permission from: BlockBeats
• Original title: "U.S. Two Chambers Reach Consensus! Housing Bill Includes 'Digital Dollar' Ban, Fed to Ban CBDC Issuance Within 5 Years"
• Original author: Mel from BlockGirl