The U.S. House of Representatives passes a housing bill containing a CBDC ban, expected to be signed into law by the President on Wednesday

On Tuesday evening, the U.S. House of Representatives overwhelmingly approved the "Housing Path" bill proposed by the Senate with a vote of 358 in favor and 32 against. This rapid legislative process demonstrates the importance and urgency of the bill in Congress.

Currently, the bill has broad bipartisan support in the House and will then be officially sent to President Trump’s desk for signature. It is expected that Trump will sign the bill into law on Wednesday noon Eastern Time, making it official.

Although the core content of the bill focuses on the U.S. housing issue, its attached provisions include a crucial ban on the crypto market, specifically prohibiting the Federal Reserve from issuing a central bank digital currency in the next four years.

It is noteworthy that previous attempts by lawmakers to include similar CBDC bans in various bills have failed, but this is the first time such a clause has successfully passed both chambers and is about to receive the President’s formal signature into law.

Moreover, the Federal Reserve has publicly stated multiple times that unless explicitly authorized by Congress, they will not proactively promote the issuance of CBDCs.

In summary, the formal signing and enactment of this ban not only legally excludes the possibility of a digital dollar in the next four years but also further clarifies the U.S. government’s conservative stance on central bank digital currencies.

#住房法案 #CBDC ban