House Passes Anti-CBDC Housing Bill, Sends to Trump for Signature

The U.S. House of Representatives passed the 21st Century ROAD to Housing Act on Tuesday by a vote of 358-32, sending the legislation to President Donald Trump's desk. The bill passed one day after the Senate gave its approval with an overwhelming vote. The legislation contains a housing affordability package to boost housing supply and make it more affordable by preventing corporate landlords from dominating the market, while also banning the Federal Reserve from issuing or creating a central bank digital currency (CBDC) until Dec. 31, 2030. The bill's advancement aligns with the Trump administration's anti-CBDC stance, with Treasury Secretary Scott Bessent previously stating that CBDCs are "off the table."

House Passes Bill 358-32 Following Senate Approval

The legislative process accelerated last week when key senators and House representatives jointly released an updated version of the legislation, ending months of delay. Senate Banking Committee Chairman Tim Scott said, "Today, Congress delivered a major win for families working toward the American Dream. The 21st Century ROAD to Housing Act will help more Americans put down roots, build a better future, and find not just a house, but a home, and I look forward to President Trump signing it into law."

Bill Bans Federal Reserve CBDC Issuance Until 2030

The 21st Century ROAD to Housing Act includes language banning the Federal Reserve from issuing or creating a CBDC or any digital asset "substantially similar" to a CBDC, effective until Dec. 31, 2030. The housing provisions aim to boost housing supply in the U.S. and make it more affordable by preventing corporate landlords from dominating the market.

Trump Administration Maintains Anti-CBDC Position

Last month, U.S. Treasury Secretary Scott Bessent reiterated that CBDCs are clearly "off the table," and that the administration will focus on getting the digital asset-focused Clarity Act across the finish line.

FAQ

What did the U.S. House of Representatives pass on Tuesday? The House passed the 21st Century ROAD to Housing Act by a vote of 358-32, sending it to President Donald Trump's desk for signature.

What does the bill's CBDC provision do? The bill bans the Federal Reserve from issuing or creating a CBDC or any digital asset "substantially similar" to a CBDC, effective until Dec. 31, 2030.

What is the Trump administration's position on CBDCs? Treasury Secretary Scott Bessent stated last month that CBDCs are clearly "off the table," and the administration will focus on the digital asset-focused Clarity Act.