In a landmark bipartisan agreement, the U.S. Congress has unveiled the final version of the 21st Century Road to Housing Act. While primarily designed to tackle America’s pressing housing affordability crisis, the legislation includes a significant, attention-grabbing provision: an explicit ban on the Federal Reserve (Fed) issuing or creating a Central Bank Digital Currency (CBDC) until December 31, 2030.
The updated bill, released on June 16, represents the culmination of extensive negotiations, achieving a final bipartisan and bicameral consensus. Key figures behind this legislative effort include Senators Tim Scott and Elizabeth Warren, alongside Representatives French Hill and Maxine Waters.
Hailed as the most significant real estate policy reform in nearly two decades, the Act’s core mission is to alleviate the housing crunch by curbing the bulk acquisition of single-family homes by institutional investors. This measure seeks to bolster housing supply across the U.S. and ultimately drive down prices. The revised legislation also integrates crucial amendments, notably a three-year sunset clause for disaster relief programs, a compromise designed to address concerns raised by certain House members and solidify bicameral agreement.
Senator Tim Scott emphasized the bill’s profound impact in a joint statement: “This legislation culminates years of dedicated effort to reduce costs, expand housing availability, streamline regulations, safeguard taxpayers, and empower more Americans to realize the dream of homeownership. The moment has arrived to finalize this crucial step and deliver tangible relief to the American populace.”
For the cryptocurrency community, the Act’s most striking element is its explicit prohibition on the Federal Reserve issuing or creating a CBDC, or any “substantially similar” digital asset. This moratorium is set to remain in effect until December 31, 2030.
While the inclusion of an anti-CBDC provision within a housing bill might appear incongruous, this legislative tactic—embedding controversial policies within essential, high-priority bills—is a well-established practice within the U.S. Congress.
This legislative move aligns with the Trump administration’s staunch opposition to a “digital dollar.” Last month, U.S. Treasury Secretary Scott Bessent unequivocally stated that issuing a CBDC is “absolutely off the table.” He further clarified that the administration’s primary focus is to champion the successful enactment of the Digital Asset Market Clarity Act.
Legislative Process Nears Completion, Presidential Signature Expected Post-June 23
According to a Tuesday report from Politico, Senate Majority Leader John Thune confirmed the updated bill would first face a procedural vote in the Senate. Following this, it will advance to the House for a full vote, with action anticipated immediately after the congressional recess concludes, projected around June 23. Upon successful passage by both chambers, the legislation will be forwarded to President Trump for his signature, officially enacting it into law.
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