Congress Passes Four-Year CBDC Ban 85-5 in Senate on June 22; Trump Withholds Signature

According to Bitcoin.com News, Congress passed a four-year prohibition on a Federal Reserve digital dollar on June 22 and June 23, with the Senate voting 85-5 and the House voting 358-32—margins well above the two-thirds threshold needed to override a presidential veto. The 21st Century ROAD to Housing Act bars the Federal Reserve from issuing or circulating a central bank digital currency through December 31, 2030, while carving out an exemption for privately issued, open-source stablecoins from companies such as Circle and Tether.

Trump has withheld his signature on the housing bill, demanding Congress pass a separate voter-citizenship requirement that the Senate rejected 48-50 on June 4. However, because both chambers exceeded veto-proof margins, the CBDC ban is widely expected to become law within days regardless of whether Trump signs.