The US Senate passed the 21st Century Road to Housing Act with an 85-5 vote, including a four-year ban on the Federal Reserve creating a central bank digital currency until 2030. The bill now moves to the House of Representatives.
The passage of this housing bill, particularly its inclusion of a CBDC ban, represents a significant legislative development that could shape the future of digital currencies in the United States and impact housing market dynamics.
The U.S. Senate has passed the 21st Century Road to Housing Act, a bipartisan housing bill that includes a provision banning the Federal Reserve from creating or working on a central bank digital currency (CBDC) until 2030. The legislation passed with an 85-5 vote and aims to address housing affordability by increasing supply and reducing regulations. A key measure prohibits corporate investors from purchasing single-family homes. Senators Tim Scott and Elizabeth Warren co-authored the bill, with Warren calling it the most significant housing legislation since 1990. The bill now moves to the House of Representatives for consideration, where it is expected to pass quickly following a deal struck by House leaders. President Donald Trump has signaled support for the bill.
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