Key Takeaways
Congress passed the 21st Century ROAD to Housing Act, and the White House says President Trump is expected to sign it on June 24.
Tucked inside is a four-year ban on the Federal Reserve issuing a central bank digital currency through 2030.
The ban carves out private stablecoins, leaving issuers governed by the GENIUS Act untouched.
Congress sent a sweeping housing bill carrying a four-year Fed CBDC ban to President Trump's desk, and the White House says he is expected to sign it on June 24. The House cleared the 21st Century ROAD to Housing Act 358 to 32 on June 23, a day after the Senate passed it 85 to 5, per crypto.news and The Block.
The provision bars the Federal Reserve from issuing a central bank digital currency through the end of 2030. There is no digital dollar to ban yet, since the Fed never moved past research, but supporters wanted the prohibition in law, arguing a government-run digital currency could enable financial surveillance.
The ban exempts private, open, and permissionless dollar tokens, which leaves stablecoin issuers like Circle and Tether, now governed by last year's GENIUS Act, free to operate. It is the same split Washington keeps drawing, freezing the public version of digital money while letting the private one mature.
Once Trump signs, the freeze runs to 2030 unless a future Congress extends it. The move caps a fast week for crypto policy, from the full vote and stablecoin carve-out in the housing bill to stablecoin issuers bracing for bank-style oversight under the GENIUS Act. Worth watching whether the next fight is making the ban permanent.
People Also Ask
When will Trump sign the CBDC ban?
The White House said President Trump is expected to sign the housing bill carrying the four-year Fed CBDC ban on June 24, 2026.
What does the CBDC ban do?
It bars the Federal Reserve from issuing a central bank digital currency through the end of 2030, a prohibition supporters say guards against financial surveillance.
Does the ban affect stablecoins like USDC and USDT?
No. It carves out private, open, and permissionless dollar tokens, leaving stablecoin issuers governed by the GENIUS Act free to operate.