Someone asked that I look into this and I did. Here is the good, bad, and the ugly.
On June 22, the U.S. Senate overwhelmingly approved the 21st Century ROAD to Housing Act (H.R. 6644) in an 85-5 bipartisan vote. It largely focused on boosting housing supply, cutting regulations, and restricting large institutional investors from buying more single-family homes.
THAT is pretty huge.
But, Tucked inside it was a notable provision: a statutory ban preventing the Federal Reserve from issuing a central bank digital currency (CBDC), but it was only through December 31, 2030.
THE GOODIn January 2025, President Trump signed an executive order explicitly prohibiting federal agencies from establishing, issuing, or promoting a CBDC. President Trump also stated he will never allow a CBDC.
The New Federal Reserve Chair Kevin Warsh has publicly described a U.S. CBDC as a “bad policy choice.” He does not like it at all. And The Fed has long maintained it would not pursue one without clear authorization from both Congress and the executive branch; which they do not have.
They do not have this (thank God) because many lawmakers, especially Republicans, view a government-issued digital currency as a tool for excessive surveillance and control over citizens’ financial transactions.
Despite how useless the GOP feels sometimes, we do have people fighting for a Stronger (Permanent) Ban:
- Rep. Anna Paulina Luna
- Sen. Mike Lee (R-UT)
- Even though I despise him, Ted Cruz (R-TX) and others who backed the Anti-CBDC Surveillance State Act and similar measures.
The ban also explicitly protects private, open, permissionless stablecoins, which many in the crypto community see as a positive distinction from a government-controlled digital dollar. That’s a big deal.
THE BAD, BUT IT’S JUST UGLY POLITICSWhile the ban represents a significant policy win against CBDC, it is not permanent — it ends in 2030.
House Republicans and hardline conservatives pushed for a permanent ban.
To secure broader bipartisan support for the overall housing reforms (and to avoid derailing the larger bill), negotiators settled on a four-year moratorium.
The temporary nature allowed the legislation to move forward with strong majorities in both chambers while still delivering a clear statutory restriction on the Fed.
In short, the four-year limit was the price of getting the housing package across the finish line. After 2030, Congress could revisit the issue — either by renewing the ban, making it permanent, or allowing it to expire.
THE BOTTOM LINE: The housing bill delivered some really great wins and the huge takeaway everyone is missing, they restricted large institutional investors from buying more single-family homes. That is absolutely HUGE!
And, although it’s not perfect, it is a win… for now, that we installed the first statutory limit on a potential Federal Reserve CBDC.
Who knows.. the FED might not even be there in the future. Likely.
This is nothing to lose sleep over.. so for now, stay the course. Keep fighting. And have a little faith and pray that God continue to steer the ship.
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