Congress reaches deal on housing bill with CBDC ban until 2030
US House and Senate leaders agreed on an updated housing bill that can move forward and includes a ban on the Federal Reserve issuing a central bank digital currency (CBDC) until Dec. 31, 2030. The measure, part of the 21st Century Road to Housing Act, also addresses housing affordability and restricts institutional investors from buying existing single-family homes to rent out. The Senate added amendments after earlier House and Senate versions differed, and the House is expected to vote after returning from recess on June 23. The CBDC ban mirrors language from earlier Republican-backed efforts and includes a carveout for stablecoins. The deal is a win for Republicans and crypto advocates who have long opposed CBDCs, and it may free Congress to focus on other legislation, including the CLARITY Act.
