Major Blow to Fed: US Congress Reaches Deal to Ban CBDC Until 2030

A massive victory for financial privacy has emerged as US House and Senate leaders strike a deal on a landmark housing bill that includes a total ban on a central bank digital currency (CBDC) until 2030. This legislative maneuver effectively blocks the Federal Reserve from deploying a government-controlled digital dollar, ensuring that the push for a CBDC faces a significant roadblock in Washington.

Beyond the digital currency crackdown, the '21st Century Road to Housing Act' targets the housing affordability crisis by banning institutional investors from monopolizing single-family homes for rental purposes. This bipartisan effort demonstrates a dual-pronged attack against both state-led monetary surveillance and the corporate takeover of the American real estate market.

The bill has included a CBDC ban since the Senate passed it in March. While the House also passed its version of the bill with strong support in May, disagreements between the two chambers had stalled progress. The Senate has now added further amendments that will be put before the House for a final vote, marking a critical step in limiting the Fed's digital ambitions.