Congress Moves to Block Fed CBDC Until 2030

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Congress has approved the 21st Century ROAD to Housing Act, and sent the wide-ranging housing affordability package to President Donald Trump for his signature. Alongside housing reforms, the legislation includes a provision temporarily prohibiting the Federal Reserve from issuing a U.S. central bank digital currency (CBDC). This is another step in the Trump administration’s wider push against a digital dollar.

Housing Package Advances With CBDC Restriction

According to the press release, the U.S. House of Representatives passed the 21st Century ROAD to Housing Act on June 23 after the Senate approved the legislation a day earlier with bipartisan support.

The bill primarily focuses on housing affordability by reducing regulatory barriers, increasing housing supply, protecting taxpayers, preserving local control, and expanding opportunities for homeownership.

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However, it also contains language prohibiting the Federal Reserve from issuing or creating a central bank digital currency (CBDC), or any digital asset deemed substantially similar to one, through Dec. 31, 2030.

Senate Banking Committee Chairman Tim Scott welcomed the bill’s passage, calling it a major victory for American families. As he explained:

“Today, Congress delivered a major win for families working toward the American Dream. (…) The 21st Century ROAD to Housing Act will help more Americans put down roots, build a better future, and find not just a house, but a home, and I look forward to President Trump signing it into law.”

Crypto Policy Continues Shifting Away From a Digital Dollar

The CBDC provision reflects the Trump administration’s continued opposition to a U.S. central bank digital currency.

Treasury Secretary Scott Bessent has previously stated that a Federal Reserve-issued CBDC is “off the table,” whereas administration officials have instead prioritized digital asset legislation such as the CLARITY Act.

Though the ROAD to Housing Act is primarily housing legislation, its inclusion of anti-CBDC language represents another legislative win for policymakers seeking to prevent the Federal Reserve from launching a digital dollar.

If President Trump signs the measure into law, the temporary prohibition would remain in effect through the end of 2030, and reinforce the administration’s current approach to U.S. digital asset policy as wider crypto legislation continues to advance through Congress.