U.S. Senate passes housing bill with CBDC ban through 2030

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Senate passes housing CBDC ban

Highlights

The U.S. Senate passes H.R. 6644, the 21st Century ROAD to Housing Act, by an 85-5 vote, advancing it to the House.
The bill prohibits the Federal Reserve from issuing a CBDC or similar digital asset until the end of 2030, broadening policy impact beyond housing.
House GOP leaders plan for an expedited House floor vote after June 23, with the measure proceeding to the president's desk if approved.

Senate vote advances housing and CBDC measure

According to The Block, the Senate's official website shows H.R. 6644 passes the chamber by an 85-5 vote on Monday, moving forward the 21st Century ROAD to Housing Act after lawmakers released an updated bipartisan, bicameral version last week.

French Hill, chairman of the House Committee on Financial Services, says in a statement issued Monday that housing affordability starts with supply and that the bill makes meaningful progress toward building more homes and lowering costs for American families.

The measure now heads to a House floor vote and then to the president's desk for final approval if it clears the chamber. Politico reports last week that House GOP leaders plan to schedule an expedited vote immediately after the House returns from recess on June 23.

Digital asset provision broadens the bill's reach

The legislation includes language barring the Federal Reserve from issuing or creating a CBDC, or any digital asset substantially similar to a CBDC, until the end of 2030. That provision sits alongside the bill's housing affordability package, which aims to boost supply in the U.S. and make housing more affordable by preventing corporate landlords from dominating the market.

Although attaching an anti-CBDC measure to housing legislation is unusual, the move underscores a common congressional practice of linking unrelated priorities to must-pass bills. House Republicans push for the inclusion of the anti-CBDC language, while the current Trump administration maintains a clear opposition to CBDCs.

Last month, U.S. Treasury Secretary Scott Bessent reiterates that CBDCs are off the table and says the administration focuses instead on advancing the digital asset-focused Clarity Act.

Our earlier coverage of the 21st Century ROAD to Housing Act explained how lawmakers advanced a bipartisan housing package aimed at expanding supply and easing affordability pressures nationwide. We highlighted provisions that would curb institutional purchases of single-family homes and encourage faster building and broader access to financing tools for would-be homebuyers.

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