US Senate Passes Housing Bill, Freezes CBDC Until 2030
The U.S. Senate passed the 21st Century ROAD to Housing Act by an 85-5 vote and sent it to the House for a fast follow-up.
For crypto traders, the key point is a CBDC ban: the Federal Reserve is barred from issuing a U.S. central bank digital currency (CBDC) through the end of 2030, unless Congress later authorizes it.
The anti-CBDC language was added in March and cleared in May after negotiations. The House is expected to move quickly, with House Financial Services Committee Chair French Hill suggesting fast action toward President Trump.
This follows a January 2025 executive order that prohibited the Trump administration from creating a CBDC, and lawmakers used the unrelated housing package to lock in the restriction.
Separately, momentum is building for the CLARITY Act, with a planned House Financial Services Committee hearing on July 17 in New York.
Trading takeaway: the CBDC freeze reduces near-term market fears of tighter central-bank payment rails, but timing still depends on House approval and final presidential sign-off.
Bullish
This Senate vote meaningfully delays a potential Fed CBDC rollout by locking a CBDC ban through 2030, which should ease near-term regulatory and liquidity concerns for USD-pegged stablecoins. If the market expects reduced probability of CBDC-related disruption to payment rails, stablecoin demand and trading activity can stay supported.
In the short term, the news may improve sentiment and tighten spreads for the most liquid USD stablecoins. In the longer term, the outcome is not final—House passage and presidential approval are still required—so traders should watch for any reversal or amendments that could reintroduce uncertainty. Overall, the direction is constructive for stablecoins because the CBDC timeline is pushed out, while private stablecoins remain enabled under existing frameworks.