Senate Overwhelmingly Approves CBDC Ban in Bipartisan Housing Bill
The Senate gave decisive approval to a bipartisan housing package that contains a provision banning CBDCs, marking a clear legislative rebuke to federal moves toward a digital dollar. Lawmakers framed the measure as a protection of financial privacy and a guardrail against government-issued digital wallets, although the exact scope and enforcement mechanics will be hashed out if the bill moves forward.
Despite the wide margin in the Senate, the package faces a long and uncertain path to becoming law — with significant questions in the House and potential objections from the White House. For markets and policy-makers, the vote signals strong Congressional skepticism of a U.S. CBDC and raises fresh questions about how the Fed and industry will proceed on digital currency experiments and regulatory planning.