U.S. Senate Passes Housing Bill With Federal Reserve CBDC Ban Through 2030
The Senate approved the housing bill 89-10, including a provision that would bar the Federal Reserve from issuing a central bank digital currency or similar digital asset through the end of 2030, while the bill’s House prospects remain uncertain.
Fact Check
The claim is directly corroborated by a primary news report from CoinDesk (March 12, 2026), which provides specific details matching the statement: the 89-10 vote count, the name of the legislation (21st Century ROAD to Housing Act), and the specific restriction on the Federal Reserve's CBDC issuance through 2030.
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Summary
The U.S. Senate approved the 21st Century ROAD to Housing Act by an 89-10 vote, and the bill includes a provision that would prohibit the Federal Reserve from issuing a central bank digital currency through the end of 2030. The measure also specifies that the Fed may not issue a CBDC-like digital asset either directly or indirectly through an intermediary. The bill now faces an uncertain path in the House of Representatives.
Terms & Concepts
- CBDC: A central bank digital currency is a digital form of sovereign money issued by a central bank rather than by private financial institutions.
- Federal Reserve: The U.S. central bank, responsible for monetary policy and the issuance and oversight of the nation’s monetary system.