Housing Bill’s Final Passage Confirms US CBDC Ban

A four-year ban on a U.S. central bank digital currency (CBDC) is set to take effect if a housing bill becomes law Saturday (July 11), CoinDesk reported Friday (July 10).

The ban is included in the bill that was approved by Congress and sent to President Donald Trump, who has neither signed it nor vetoed it. If he takes no action, the bill will become law at midnight, according to the report.

The CBDC provision in the bill prohibits the Federal Reserve from issuing a CBDC through the end of 2030. While there has been no serious effort to launch a CBDC, the crypto industry and Republican lawmakers have long opposed any potential of that happening, the report said.

The House Financial Services Committee highlighted the provision in a June 23 press release about the House’s passage of the housing bill, saying, “the bill includes a prohibition on the issuance of a Central Bank Digital Currency (CBDC) until December 31, 2030.”

It was reported in June that the CBDC ban was added to the housing bill by Republican politicians who are concerned that the technology could be used for government surveillance. It was also reported that the clause was added to the bill to help secure House Republican support for its passage.

When an earlier version of the housing bill with the CBDC ban was being considered by the Senate in March, three digital asset-focused groups expressed their support for the provision.

The Digital Chamber CEO Cody Carbone said: “Financial privacy is a cornerstone of American freedom, and any decision to authorize a Central Bank Digital Currency must remain with Congress and the American people.”

Blockchain Association CEO Summer Mersinger said: “A government-issued CBDC would threaten core American values — financial privacy, civil liberties and limits on state power — by giving the government unprecedented insight into (and potential leverage over) everyday transactions.”

The Crypto Council for Innovation said: “Legislative certainty on this subject will help foster the private-sector innovation driving U.S. leadership in digital assets while protecting Americans’ privacy.”

PYMNTS reported in January 2025 that when Trump signed an executive order, “Strengthening American Leadership in Digital Financial Technology,” that touched on many of the crypto sector’s wants, needs and concerns, it included a provision prohibiting the development of a CBDC.