Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Policy
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
U.S. Senate housing bill includes CBDC ban
Policy
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
U.S. Senate housing bill includes CBDC ban
U.S. Senate housing bill includes CBDC ban
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
U.S. Senate housing bill includes CBDC ban
The Senate Banking Committee's bipartisan "ROAD to Housing Act" includes a provision banning the Fed from issuing a CBDC before 2031.
By Nikhilesh De
Updated Mar 3, 2026, 12:07 a.m. Published Mar 3, 2026, 12:04 a.m.
Make us preferred on Google
Senators Tim Scott and Elizabeth Warren (Anna Moneymaker/Getty Images)
The Senate Committee on Banking, Housing and Urban Development included a provision temporarily barring the Federal Reserve from issuing a central bank digital currency in its bipartisan bill to boost housing in the U.S.
The "21st Century ROAD to Housing Act," introduced Monday by Committee Chairman Tim Scott and Ranking Member Elizabeth Warren, respectively the top Republican and Democrat on the committee, aims to make it easier to build houses in the U.S.
"Not only is this bill about cutting regulatory red tape, lowering costs, and expanding housing supply while generating no new spending, but it’s about making sure people like the single mom who raised me in North Charleston, South Carolina, have even greater access to economic opportunity and the American dream of homeownership," Scott said in a statement.
"The package includes the vast majority of the Senate’s unanimously supported ROAD to Housing Act, incorporates bipartisan housing ideas from the House, and takes a good first step to rein in corporate landlords that are squeezing families out of homeownership," Warren said in her own statement.
Neither lawmaker mentioned the CBDC ban, which occupies just two pages in the 303-page bill. Lawmakers have included the ban in previous bills, and the House of Representatives passed it as a standalone bill last year, but it has so far not made it all the way through Congress.
"Except as provided in subsection (c), the Board of Governors of the Federal Reserve System or a Federal reserve bank may not issue or create a central bank digital currency or any digital asset that is substantially similar to a central bank digital currency directly or indirectly through a financial institution or other intermediary," the section said.
It included a sunset provision for Dec. 31, 2030 and carved out an exception for permissionless, private "dollar-denominated" currencies that "fully preserve the privacy protections" of physical currency.
The White House published a "Statement of Administration Policy" supporting the bill, explicitly supporting the CBDC provision in the two-paragraph statement.
"The Administration highlights the inclusion of presidential priorities … to halt the development of a Central Bank Digital Currency that could be [sic] pose significant threats to personal privacy and liberty," the statement said.
Senate Banking CommitteeCBDCs
More For You
Turkey's ruling party unveils 10% crypto income tax proposal
The bill proposes a 10% tax on gains from regulated crypto platforms, withheld quarterly, with the president having the power to adjust the rate between 0% and 20%.
What to know:
- Turkey's ruling AK Party has introduced a bill to formalize crypto taxation, revising tax and spending rules, and creating a new framework for cryptocurrencies.
- The bill proposes a 10% tax on gains from regulated crypto platforms, withheld quarterly, with the president having the power to adjust the rate between 0% and 20%.
- The bill also introduces a 0.03% transaction tax on service providers facilitating crypto transactions, and requires investors trading outside licensed platforms to declare gains annually.
Read full story
Latest Crypto News
PayPay, 40% owner of Binance Japan, seeks up to $1.1 billion in Nasdaq IPO
Core Scientific turns lower after Q4 results disappoint
Bitcoin’s 5% spike higher Monday driven by short-covering, not fresh buying, says analyst
Vitalik Buterin unveils plan to curb Ethereum block builder centralization
Battle for Bitcoin's soul opens as first block supporting 'clean-up' proposal is mined
Weekend warriors: How HyperLiquid became retail’s bear market playground
Top Stories
Crypto world faces growing pressure to relent on stablecoin rewards to win bigger prize
Bitcoin surges above $68,000 amid muted stock market reaction to Iran war
Tom Lee's Bitmine boosts ether holdings to 4.47 million tokens with $98 million ETH purchase
Strategy purchased more than $200 million in bitcoin last week
Iranian crypto outflows jump 700% minutes after U.S.-Israeli airstrikes, Elliptic says
Nasdaq follows Cboe joining world of 'binary bets' as prediction market craze hits Wall Street
Market Opportunity
Union Price(U)
$0.000929
$0.000929$0.000929
USD
Union (U) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
USD/JPY Price Forecast: Resilient Pair Holds Critical Gains Near 157.00 Monthly Peak
BitcoinWorld USD/JPY Price Forecast: Resilient Pair Holds Critical Gains Near 157.00 Monthly Peak TOKYO, May 2025 – The USD/JPY currency pair demonstrates remarkable
Share
bitcoinworld2026/03/03 12:30
Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps
The post Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps appeared on BitcoinEthereumNews.com. The Federal Reserve has made its first Fed rate cut this year following today’s FOMC meeting, lowering interest rates by 25 basis points (bps). This comes in line with expectations, while the crypto market awaits Fed Chair Jerome Powell’s speech for guidance on the committee’s stance moving forward. FOMC Makes First Fed Rate Cut This Year With 25 Bps Cut In a press release, the committee announced that it has decided to lower the target range for the federal funds rate by 25 bps from between 4.25% and 4.5% to 4% and 4.25%. This comes in line with expectations as market participants were pricing in a 25 bps cut, as against a 50 bps cut. This marks the first Fed rate cut this year, with the last cut before this coming last year in December. Notably, the Fed also made the first cut last year in September, although it was a 50 bps cut back then. All Fed officials voted in favor of a 25 bps cut except Stephen Miran, who dissented in favor of a 50 bps cut. This rate cut decision comes amid concerns that the labor market may be softening, with recent U.S. jobs data pointing to a weak labor market. The committee noted in the release that job gains have slowed, and that the unemployment rate has edged up but remains low. They added that inflation has moved up and remains somewhat elevated. Fed Chair Jerome Powell had also already signaled at the Jackson Hole Conference that they were likely to lower interest rates with the downside risk in the labor market rising. The committee reiterated this in the release that downside risks to employment have risen. Before the Fed rate cut decision, experts weighed in on whether the FOMC should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 04:36
Trump Backs Bitcoin As New Safe Haven
On CNBC, Eric Trump stated that Bitcoin has "taken the role of gold in today’s world," elevating crypto to the status of a strategic safe haven asset. This media appearance coincides with the launch of American Bitcoin, a mining and BTC holding company he is close to. Far from a mere announcement, this statement fits within a dynamic where publicly traded companies are beginning to integrate bitcoin at the heart of their reserve strategy. L’article Trump Backs Bitcoin As New Safe Haven est apparu en premier sur Cointribune.
Share
Coinstats2025/09/18 14:32