US CBDC ban passes House until 2030 as housing bill heads to Trump
The US House passed a major housing bill that includes a CBDC ban until Dec. 31, 2030, advancing the measure to President Donald Trump for final sign-off. The House vote was 358-32, after the Senate approved the bill 85-5 the day before. Republicans framed the US CBDC ban as a protection against centralised control, while crypto advocates argue CBDCs could repurpose ledger-based “technology” for a centrally issued asset rather than decentralized finance.
Key clause: the bill bars the Federal Reserve from “issuing or creating a central bank digital currency or any digital asset substantially similar” to a CBDC, expiring at the end of 2030.
The legislation also contains a carve-out for crypto stablecoins: it allows “dollar-denominated currency” that is open, permissionless, and private—supporting compliant stablecoin use while restricting CBDC-like issuance.
The CBDC ban language traces back to Republican Rep. Tom Emmer’s Anti-CBDC Surveillance State Act (introduced June 2025), previously passed by the House but stalled in the Senate.
With this bill cleared, lawmakers can shift focus toward other crypto items, including the Senate’s CLARITY Act on crypto market structure. Still, progress is uncertain as pushback continues; Galaxy Digital recently lowered its odds for passage before year-end.
Primary figures include Senate Banking Committee Chair Tim Scott and Rep. Tom Emmer, and the legislation is expected to reach Trump for a likely Wednesday signature.
Bullish
A direct US CBDC ban until 2030 is broadly sentiment-supportive for crypto, because it reduces the perceived risk of a federally led, CBDC-like alternative that could undercut decentralized networks and exchange settlement demand. The bill also explicitly carves out qualified dollar-denominated stablecoins, which can lower the market’s fear of blanket stablecoin restrictions.
In the short term, traders may price in a “regulatory headwind turning into tailwind” narrative for major tokens, especially those correlated with risk-on flows. Similar to how clearer regulatory pathways (or temporary pauses on restrictive frameworks) have historically improved crypto risk appetite, this approval can trigger relief rallies and higher volume around policy milestones.
In the long term, the ban’s expiration in 2030 keeps a watchpoint for future legislative cycles. Additionally, the CLARITY Act remains uncertain, so macro positioning could stay selective rather than uniformly bullish. Overall, the immediate legislative progress on the US CBDC ban is more likely to strengthen the bid than to destabilize markets, hence a bullish classification.