Trump cancels signing of housing bill with CBDC ban
The 21st Century ROAD to Housing Act included a provision that the US Federal Reserve was barred from issuing or creating a CBDC until 2030, but exempted certain stablecoins.
President Donald Trump has canceled plans to sign the 21st Century ROAD to Housing Act, a piece of legislation that contained a notable provision barring the US Federal Reserve from issuing or creating a central bank digital currency (CBDC) until 2030. The bill had drawn attention from the digital asset community specifically because of that embedded restriction, which would have temporarily halted any Fed-led CBDC development while exempting certain stablecoins from the prohibition.
The CBDC provision had been viewed as a legislative signal of the broader skepticism toward government-issued digital currencies that has gained traction among some lawmakers in recent years. The 21st Century ROAD to Housing Act was primarily focused on housing policy, making the CBDC ban an ancillary but closely watched element of the broader legislation. The stablecoin exemption within the bill also reflected ongoing efforts to draw a regulatory distinction between private digital dollar instruments and a state-issued digital currency.
The cancellation leaves the status of any potential CBDC moratorium in limbo, as no comparable standalone legislation appears positioned to fill the gap. Industry participants and digital asset advocates who had supported the provision may now look to alternative legislative vehicles to advance similar restrictions on Fed-issued digital currency development.
Observers will be monitoring whether the CBDC-related language resurfaces in future housing or financial legislation, and how the White House's position on digital currency policy evolves in the coming months.
Source: Cointelegraph
