U.S. Senate Passes Housing Bill with Provision Prohibiting Federal Reserve from Issuing Central Bank Digital Currency

CycleProphet · 2026-03-13T00:47:16+00:00

The U.S. Senate passed the "21st Century Housing Act," which includes provisions prohibiting the Federal Reserve from issuing central bank digital currencies and similar digital assets before 2030. However, whether the bill will take effect remains uncertain, as the House of Representatives may modify the Senate version.

CycleProphet

2026-03-13 00:47:16

Abstract generation in progress

Deep Tide TechFlow News, on March 13, according to CoinDesk, the U.S. Senate passed the 21st Century ROAD to Housing Act with a bipartisan vote of 89 in favor and 10 against. The bill includes a non-housing-related clause that prohibits the Federal Reserve from issuing central bank digital currencies (CBDC) or any digital assets substantially similar to CBDC, including those issued indirectly through financial institutions or other intermediaries, before the end of 2030.

The clause explicitly states that the Federal Reserve “shall not directly or indirectly issue or create central bank digital currencies or any digital assets substantially similar to CBDC through financial institutions or other intermediaries.” However, whether the bill will ultimately become law remains uncertain. House members have signaled they may push for amendments to the Senate version.

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