Republican

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<h2 id="a-housing-bill-with-a-crypto-clause">A Housing Bill with a Crypto Clause</h2>
U.S. House and Senate leaders have struck a bipartisan agreement on the 21st Century ROAD to Housing Act, a sweeping piece of legislation that carries a significant provision for the crypto industry. <cite>Congressional negotiators folded a statutory ban on a Federal Reserve central bank digital currency into the bill, blocking any Fed-issued retail digital dollar until December 31, 2030.</cite>
<cite>Senate Banking Chair Tim Scott, Ranking Member Elizabeth Warren, House Financial Services Chair French Hill, and Ranking Member Maxine Waters released the updated bill text, codified as H.R. 6644.</cite><cite>The bill cleared the House on May 20, 2026, with a 396-13 vote, following the Senate's 89-10 approval in March.</cite>
<cite>The housing bill includes language stating the Federal Reserve may not, directly or indirectly, "issue or create a central bank digital currency or any digital asset that is substantially similar to a central bank digital currency." The clause expires on December 31, 2030, and creates a carveout for crypto stablecoins, or "dollar-denominated currency that is open, permissionless, and private."</cite>
<h2 id="executive-backing-and-what-comes-next">Executive Backing and What Comes Next</h2>
<cite>The anti-CBDC provision sits alongside an executive backdrop that already disfavors a digital dollar. Trump's January 2025 executive order on digital financial technology barred federal agencies from establishing, issuing, or promoting CBDCs.</cite>
<cite>The inclusion of a CBDC ban in a major bipartisan bill signals that opposition to a U.S. digital dollar has gained traction across Congress. For the crypto industry, the provision reinforces Washington's current preference for privately issued digital dollars, including stablecoins, over a government-issued alternative.</cite>
<cite>For stablecoin issuers like Circle and Tether, a delayed government digital dollar removes a potential competitor from the landscape for years, as a Fed-issued CBDC would have directly competed with private stablecoins for payments, settlements, and dollar-denominated digital transactions.</cite>
Not everyone is satisfied with the deal as structured. <cite>Rep. Anna Paulina Luna, a Florida Republican, argues "CBDCs are bad for everyone" and has pushed for the ban to be made permanent</cite>, rather than allowing it to sunset at the end of 2030. <cite>The deal also clears the decks for Congress to focus on other legislation before the August recess, in particular the crypto-regulating CLARITY Act that many lawmakers have been pushing to advance.</cite>
<cite>House Republican leaders plan to put the bill up for a vote after the House returns from recess on June 23, according to two people familiar with the plan.</cite>
Sources: <a href="https://thedefiant.io/converge/regulation/congress-housing-bill-cbdc-ban-through-2030" rel="noopener noreferrer nofollow">The Defiant: Congress Strikes Housing-Bill Deal That Bans Fed CBDC Through 2030</a> <a href="https://www.theblock.co/post/405037/housing-bill-cbdc-ban-agreement" rel="noopener noreferrer nofollow">The Block: Senate, House Reach Agreement on Housing Bill Banning CBDC Through 2030</a> <a href="https://bipartisanpolicy.org/explainer/whats-next-for-housing-legislation-in-the-119th-congress/" rel="noopener noreferrer nofollow">Bipartisan Policy Center: What's Next for Housing Legislation in the 119th Congress?</a>

Congress reached a bipartisan deal to ban the Federal Reserve CBDC until 2030

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