Legislation prohibits the Federal Reserve from creating a central bank digital currency, aligning with Trump’s 2025 executive order.
Congress has agreed on a housing bill that blocks the Federal Reserve from issuing a central bank digital currency (CBDC) until December 31, 2030. The provision mirrors language from the Anti-CBDC Surveillance State Act, which passed the House in 2025 but stalled in the Senate. It includes an exemption for private stablecoins described as open, permissionless, and dollar-denominated.
The ban aligns with an executive order signed by President Trump in January 2025, which halted federal agency work on CBDCs, citing risks to financial stability and privacy. Lawmakers now plan to advance the crypto-regulating CLARITY Act after the June 23 recess, prioritizing broader digital asset legislation ahead of midterm elections.
The clause’s expiration in 2030 leaves future CBDC discussions open, though current political opposition remains strong. The bill’s passage could ease regulatory uncertainty for private crypto projects while reinforcing the Fed’s limited role in digital currency development.