Congress Strikes Housing-Bill Deal That Bans Fed CBDC Through 2030 (2 minute read) (opens in new tab)

Congressional negotiators attached a statutory ban on any Federal Reserve retail digital dollar to the bipartisan 21st Century ROAD to Housing Act, blocking Fed-issued CBDC development through December 31, 2030. The prohibition covers retail digital dollars from the Fed, leaving wholesale CBDC activity and private stablecoin issuance outside its scope. The move marks the first time a CBDC prohibition has been folded into major bipartisan legislation advancing through Congress. The bill now he...