Housing deal released June 16 would block Fed retail CBDC until 2030, carve out stablecoins, and build on Trump order. Final votes possible as soon as next week.
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U.S. congressional leaders have reached a deal on a housing bill that would also block the Federal Reserve from creating a central bank digital currency until 2030.
Senate Banking Chair Tim Scott, Senate Banking Ranking Member Elizabeth Warren, House Financial Services Chair French Hill, and House Financial Services Ranking Member Maxine Waters released the updated bill text on June 16. The lawmakers said the package combines congressional and White House priorities.
The bill seeks to cut housing costs by easing rules and expanding supply. It also blocks large institutional investors from buying existing single-family homes for rental use.
The CBDC language amends the Federal Reserve Act. It prohibits the Fed from issuing a CBDC directly or through an intermediary. The ban expires Dec. 31, 2030, unless Congress renews it.
The bill includes a carveout for dollar-denominated digital currency that is open and permissionless. That language keeps private stablecoins outside the restriction, according to the bill text.
The White House issued a similar executive order in January 2025. Treasury Secretary Scott Bessent has said no CBDC would move forward under President Trump. Some Republicans opposed the 2030 sunset and wanted a permanent ban instead, crypto.news reported.
Congress is also working on the Digital Asset Market CLARITY Act, which would split crypto oversight between the CFTC and SEC. It includes separate anti-CBDC language.
The housing deal could help lawmakers clear floor time for other bills before the August recess. Final votes could come as soon as next week.
The bill revives parts of earlier anti-CBDC efforts led by House Majority Whip Tom Emmer. His Anti-CBDC Surveillance State Act passed the House before but stalled in the Senate.
The temporary ban leaves a future policy choice open. Congress could extend it, replace it with a permanent rule, or let it lapse.
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