U.S. central bank digital currency (CBDC) — often referred to as the “digital dollar” — will be barred from issuance until 2030 after congressional leaders announced a bipartisan housing package that includes this restriction.
Legislative Framework
The revised bill updates the 21st Century ROAD to Housing Act and merges affordability measures with a clause that prevents the Federal Reserve from launching a CBDC. Senators Tim Scott and Elizabeth Warren, alongside Representatives French Hill and Maxine Waters, released the text on Tuesday, setting the stage for procedural votes in both chambers.
Market and Investor Implications
By locking out a digital dollar for the next decade, the legislation removes a potential new asset class from the crypto market, limiting opportunities for investors seeking blockchain‑based alternatives. The housing component aims to boost supply, curb corporate landlord concentration, and introduce a three‑year sunset for a disaster‑relief program, which could stabilize property prices and influence broader market sentiment.