Senate Advances Housing Bill with CBDC Ban, Gains White House Backing
Senators advanced a housing bill that contains a provision banning a U.S. central bank digital currency (CBDC), and the measure has won the White House’s backing. The vote was described as one of the strongest bipartisan displays this Congress has seen, increasing the bill’s chances of navigating remaining procedural hurdles and moving toward final passage. Supporters framed the ban as protecting consumer privacy and curbing federal overreach into digital payments.
For the crypto sector and policymakers, the development is consequential: it signals a near-term limit on federal CBDC efforts and could steer innovation toward private stablecoins and state-level pilots instead. Markets and industry groups will watch closely as the package proceeds through the legislative process; if enacted, the ban would set a clear statutory boundary shaping U.S. digital currency strategy for years to come.