The House passed the 21st Century Housing Act with language described as a CBDC ban, a move that could affect digital dollar policy and competition between public and private digital payment systems.
The U.S. House passed the 21st Century Housing Act with provisions described as limiting a U.S. central bank digital currency, advancing what Republicans had framed as a permanent ban. Earlier, Mike Flood said the House text removed what he described as an implicit green light for such a system, with Tom Emmer and Warren Davidson backing the change before the vote. The new report adds that the bill’s passage could reshape housing market dynamics and bolster private stablecoins by delaying potential federal digital currency competition.