US House and Senate Reach Deal on Housing Bill Including CBDC Ban Through 2030

Jun 17, 2026

The U.S. House and Senate have reached a deal on a housing bill that includes a ban on the Federal Reserve issuing a central bank digital currency (CBDC) until Dec. 31, 2030. The move, which protects private stablecoins, gives issuers like Tether and Circle a multi-year advantage. The policy aligns with the Trump administration's anti-CBDC stance and diverges from the global trend of countries like China developing digital currencies.

CBDC ban legislation

▪The U.S. House and Senate have reached a deal on a bipartisan bill known as the "21st Century ROAD to Housing Act."
▪The bill includes a provision to ban the Federal Reserve from issuing a central bank digital currency (CBDC) until December 31, 2030.
▪The primary goals of the "21st Century ROAD to Housing Act" are to boost housing supply, lower costs, and limit institutional homebuyers.
▪To become law, the bill requires a final House vote, which is expected after June 23, followed by a presidential signature.
▪The legislation explicitly protects private, permissionless, and dollar-backed stablecoins from the CBDC ban.
▪The bill is backed by a bipartisan group including Sen. Tim Scott, Sen. Elizabeth Warren, Rep. French Hill, and Rep. Maxine Waters.

Stablecoin market impact

▪Tether's USDT is the largest stablecoin with a market value over $186 billion, while Circle's USDC is valued at more than $75 billion.
▪The ban is considered a major advantage for stablecoin issuers like Tether (USDT) and Circle (USDC), giving them years to expand.

Global CBDC development

▪The U.S. is diverging from the global trend by allowing private companies to lead digital dollar innovation instead of creating a government-issued one.
▪Over 100 countries are exploring CBDCs, with China expanding its digital yuan project and Europe working on a digital euro.

Trump administration crypto policy

▪In January 2025, President Donald Trump signed an executive order halting all federal work related to CBDCs.
▪Treasury Secretary Scott Bessent has stated that a U.S. digital dollar remains "off the table."
▪Some House conservatives, including Rep. Anna Paulina Luna, have called for the temporary CBDC ban to be made permanent.
▪Critics oppose CBDCs over concerns they could enable financial surveillance and represent a centrally-controlled asset.