Written by Martin Young,Contributor
Reviewed by Felix Ng,Staff EditorSenate housing bill amendment proposes to block US CBDC until 2030
21 minutes agoThe proposed prohibition was slipped into a Senate housing bill, reviving language used in previous standalone bills to block a Fed-issued US digital dollar.
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Join our Subscribe onAn amendment has been proposed to the Federal Reserve Act to ban the US central bank from issuing a central bank digital currency (CBDC) until 2030.
The amendment was found toward the end of the 300-page “21st Century ROAD to Housing Act” (HR 6644) released by the Senate Committee on Banking, Housing, and Urban Affairs on Monday.
Section ten of the proposed legislation states that the board of governors of the Federal Reserve System or a Federal Reserve bank “may not issue or create a central bank digital currency or any digital asset that is substantially similar to a central bank digital currency directly or indirectly through a financial institution or other intermediary.”
The bill also contains an exception for stablecoins, stating that the Fed “shall not prohibit any dollar-denominated currency that is open, permissionless, and private,” and fully preserves the privacy protections of the physical currency.
The proposed prohibition includes a sunset clause that expires on December 31, 2030, after which new legislation would be needed to maintain the ban.
The White House was quick to issue a statement supporting the Act and the prevention of a CBDC, which it said could “pose significant threats to personal privacy and liberty.”
The Senate advanced it overwhelmingly on a procedural cloture vote (84-6) on Monday, to limit debate and move forward, clearing the way for full floor consideration.
Not the first attempt at blocking CBDCs
This housing bill version revives language from prior failed attempts at preventing a US CBDC and is not the original legislation.
The “No CBDC Act” (S 464) is a standalone bill introduced by Senator Mike Lee in February 2025, aiming to prohibit the Fed or Treasury from issuing a CBDC; however, it stalled in Congress.
Related: ‘No privacy’ CBDCs will come, warns billionaire Ray Dalio
Further legislation prohibiting the Fed from issuing a CBDC was introduced in June 2025 by Congressman Tom Emmer under the “Anti-CBDC Surveillance State Act” (HR 1919).
The bill passed a House vote on July 17, but has yet to pass full Senate approval.
China, Russia, and India are testing CBDCs
Only three countries have officially deployed a CBDC: Nigeria, Jamaica, and The Bahamas, according to the Atlantic Council’s CBDC tracker.
A further 49 nations are actively testing CBDCs, including China, Russia, India, and Brazil, while 20 nations have a CBDC in development, and 36 are still researching them.
In February, Germany’s central bank president Joachim Nagel touted CBDC benefits for the European Union, which is in the pilot phase.
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