U.S. congressional leaders strike housing bill deal extending Fed CBDC ban to 2030

U.S. congressional leaders on Tuesday unveiled a bipartisan, bicameral agreement on the 21st Century ROAD to Housing Act, a broad housing package that would bar the Federal Reserve from issuing or creating a central bank digital currency, or any digital asset "substantially similar" to one, through Dec. 31, 2030. The updated bill, released by Senator Tim Scott, Senator Elizabeth Warren, Rep. French Hill, and Rep. Maxine Waters, aims to boost housing supply, improve affordability and prevent corporate landlords from dominating the market. New changes include a three-year sunset provision for a disaster relief program, a compromise designed to address House concerns. The package now heads to an initial procedural vote in the Senate, with a House vote expected after lawmakers return from recess around June 23, potentially setting up final presidential approval. The measure underscores how crypto policy, including opposition to a U.S. CBDC, is being folded into broader must-pass legislation.

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