Housing Bill Bans Fed Digital Dollar Through 2030

Senator Tim Scott, Senator Elizabeth Warren, Representative French Hill, and Representative Maxine Waters jointly endorsed the compromise text. The agreement followed months of negotiations between chambers and the executive branch.

The Senate passed an earlier version of the bill in March, 89-10. The House passed its own version in May, 396-13. The reconciled measure now heads back to the Senate for a procedural vote.

Proponents of the CBDC ban cite privacy risks and surveillance concerns tied to a government-controlled digital dollar. The Treasury Department has already said it is not pursuing a U.S. CBDC, so the moratorium formalizes a policy the administration already holds.

The housing provisions remain the bill's primary purpose. Supporters call it essential infrastructure for expanding homeownership. The CBDC moratorium, however, has turned the measure into a de facto digital asset policy statement for the rest of the decade.

Congress can revisit the restriction before 2030. For now, the legislative path is clear: the ban survives as long as the housing bill does.