US Senate Passes Four-Year Fed CBDC Ban Tucked Into Housing Bill

The Senate passed the 21st Century ROAD to Housing Act 85 to 5 on June 22, carrying a provision that bars the Federal Reserve from issuing a central bank digital currency through 2030, with a carve-out that leaves private stablecoins like USDC and USDT untouched.

US Senate Passes Four-Year Fed CBDC Ban Tucked Into Housing Bill The Senate passed the 21st Century ROAD to Housing Act 85 to 5 on June 22, carrying a provision that bars the Federal Reserve from issuing a central bank digital currency through 2030, with a carve-out that leaves private stablecoins like USDC and USDT untouched. Aaron Rafferty June 23, 2026 Key Takeaways The US Senate passed the 21st Century ROAD to Housing Act 85 to 5 on June 22, and tucked inside is a four-year ban on the Federal Reserve issuing a central bank digital currency through the end of 2030. The provision carves out private stablecoins, exempting open and permissionless dollar tokens and leaving issuers like Circle and Tether, governed by last year's GENIUS Act, untouched. The bill now heads to the House, which was expected to move quickly, and then to President Trump, who has opposed a digital dollar since a January 2025 executive order. The US Senate passed a sweeping housing affordability bill on June 22 with a crypto provision riding along, according to Decrypt . The 21st Century ROAD to Housing Act cleared the chamber 85 to 5, and inside it is a four-year ban on the Federal Reserve issuing a central bank digital currency through the end of 2030. There is no digital dollar to ban yet. The Fed never moved past the research stage, and both Chair Kevin Warsh and President Trump have publicly opposed a CBDC, which critics call a financial-surveillance tool, per CoinDesk . Republicans who championed the measure pushed it into the housing bill anyway, arguing a government-run digital currency could let the state see and control how people spend. The carve-out is the part the crypto industry will read closely. The ban exempts any dollar token that is open, permissionless, and private, which l