House, Senate Strike Deal on Housing Bill With CBDC Ban Through 2030

Congress has reached a bipartisan agreement on the 21st Century ROAD to Housing Act, which includes a significant provision that prohibits the Federal Reserve from issuing a central bank digital currency (CBDC) until 2030. This move underscores lawmakers' ongoing concerns about the potential implications of a government-issued digital currency on privacy, financial stability, and the role of traditional banking. By extending the ban, Congress aims to ensure ample time for research and public debate on the potential benefits and risks of CBDCs, reflecting a cautious approach to one of the most technologically advanced financial reforms in recent consideration.