US Senate approves housing bill that includes CBDC ban through 2030

The US Senate has passed a major housing affordability bill by an 85-5 vote, and the legislation includes a ban on the Federal Reserve creating a central bank digital currency until 2030. The vote advances the bill with the CBDC restriction attached.

The inclusion of a CBDC ban makes the legislation relevant beyond housing policy because it extends a federal limitation on the central bank’s ability to develop a digital dollar. For readers in the crypto ecosystem, the move reflects continuing congressional scrutiny of government-issued digital currency proposals.

A central bank digital currency would be a digital form of money issued by the Federal Reserve, and its future has been the subject of debate in Washington. By placing a ban in a broader legislative package, lawmakers have tied the issue to a separate policy priority that had enough support to clear the Senate.

The 85-5 vote suggests broad backing for the housing measure, even as the CBDC provision remains politically significant. The bill now continues through the legislative process with the digital currency ban set to remain in effect until 2030 if the measure becomes law.