U.S. Senate housing bill includes CBDC ban
Analysis
Price Impact
LowThe bill specifically targets the federal reserve's ability to issue a cbdc. stablecoins like usdt and usdc are private, dollar-denominated digital currencies and are explicitly carved out as an exception in the bill. therefore, this legislation is unlikely to directly impact their current operations or value.
Trustworthiness
HighThe news is directly from a legislative bill that has been published and is being discussed by the senate banking committee. the white house has also issued a statement supporting the provision. this indicates a high degree of certainty regarding the content of the bill.
Price Direction
NeutralAs explained in the impact, the ban on a u.s. cbdc, with exceptions for existing private dollar-denominated digital currencies, is not expected to have a direct bearish or bullish effect on stablecoins like usdt and usdc. their value is pegged to the us dollar, and this legislation does not alter that peg or their fundamental utility.
Time Effect
LongThe ban is set to sunset on december 31, 2030. while the immediate impact is low, the prolonged nature of the ban (nearly 7 years) means it's a long-term policy consideration for the future of digital currency in the u.s.
Original Article:
Article Content:
Policy Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email U.S. Senate housing bill includes CBDC ban The Senate Banking Committee's bipartisan "ROAD to Housing Act" includes a provision banning the Fed from issuing a CBDC before 2031. By Nikhilesh De Updated Mar 3, 2026, 12:07 a.m. Published Mar 3, 2026, 12:04 a.m. Make us preferred on Google Senators Tim Scott and Elizabeth Warren (Anna Moneymaker/Getty Images) The Senate Committee on Banking, Housing and Urban Development included a provision temporarily barring the Federal Reserve from issuing a central bank digital currency in its bipartisan bill to boost housing in the U.S. The " 21st Century ROAD to Housing Act ," introduced Monday by Committee Chairman Tim Scott and Ranking Member Elizabeth Warren, respectively the top Republican and Democrat on the committee, aims to make it easier to build houses in the U.S. "Not only is this bill about cutting regulatory red tape, lowering costs, and expanding housing supply while generating no new spending, but it’s about making sure people like the single mom who raised me in North Charleston, South Carolina, have even greater access to economic opportunity and the American dream of homeownership," Scott said in a statement. "The package includes the vast majority of the Senate’s unanimously supported ROAD to Housing Act, incorporates bipartisan housing ideas from the House, and takes a good first step to rein in corporate landlords that are squeezing families out of homeownership," Warren said in her own statement. Neither lawmaker mentioned the CBDC ban, which occupies just two pages in the 303-page bill. Lawmakers have included the ban in previous bills, and the House of Representatives passed it as a standalone bill last year, but it has so far not made it all the way through Congress. "Except as provided in subsection (c), the Board of Governors of the Federal Reserve System or a Federal reserve bank may not issue or create a central bank digital currency or any digital asset that is substantially similar to a central bank digital currency directly or indirectly through a financial institution or other intermediary," the section said. It included a sunset provision for Dec. 31, 2030 and carved out an exception for permissionless, private "dollar-denominated" currencies that "fully preserve the privacy protections" of physical currency. The White House published a "Statement of Administration Policy" supporting the bill, explicitly supporting the CBDC provision in the two-paragraph statement. "The Administration highlights the inclusion of presidential priorities … to halt the development of a Central Bank Digital Currency that could be [sic] pose significant threats to personal privacy and liberty," the statement said. Senate Banking Committee CBDCs More For You Turkey's ruling party unveils 10% crypto income tax proposal By Francisco Rodrigues , AI Boost | Edited by Stephen Alpher 10 hours ago The bill proposes a 10% tax on gains from regulated crypto platforms, withheld quarterly, with the president having the power to adjust the rate between 0% and 20%. What to know : Turkey's ruling AK Party has introduced a bill to formalize crypto taxation, revising tax and spending rules, and creating a new framework for cryptocurrencies. The bill proposes a 10% tax on gains from regulated crypto platforms, withheld quarterly, with the president having the power to adjust the rate between 0% and 20%. The bill also introduces a 0.03% transaction tax on service providers facilitating crypto transactions, and requires investors trading outside licensed platforms to declare gains annually. Read full story Latest Crypto News PayPay, 40% owner of Binance Japan, seeks up to $1.1 billion in Nasdaq IPO 1 hour ago Core Scientific turns lower after Q4 results disappoint 2 hours ago Bitcoin’s 5% spike higher Monday driven by short-covering, not fresh buying, says analyst 4 hours ago Vitalik Buterin unveils plan to curb Ethereum block builder centralization 5 hours ago Battle for Bitcoin's soul opens as first block supporting 'clean-up' proposal is mined 6 hours ago Weekend warriors: How HyperLiquid became retail’s bear market playground 7 hours ago Top Stories Crypto world faces growing pressure to relent on stablecoin rewards to win bigger prize 7 hours ago Bitcoin surges above $68,000 amid muted stock market reaction to Iran war 8 hours ago Tom Lee's Bitmine boosts ether holdings to 4.47 million tokens with $98 million ETH purchase 8 hours ago Strategy purchased more than $200 million in bitcoin last week 10 hours ago Iranian crypto outflows jump 700% minutes after U.S.-Israeli airstrikes, Elliptic says 9 hours ago Nasdaq follows Cboe joining world of 'binary bets' as prediction market craze hits Wall Street 7 hours ago