Congress sends anti-CBDC housing bill to Trump's desk for final approval

The U.S. House of Representatives has passed the 21st Century ROAD to Housing Act, sending the bill, including anti-central bank digital currency provisions, to President Donald Trump's desk.

On Tuesday, the bill passed by 358-32, just one day after the Senate gave its approval to the legislation with an overwhelming vote. The bill contains a housing affordability package to boost housing supply in the U.S. and make it more affordable by preventing corporate landlords from dominating the market.

The legislative process notably accelerated last week when key senators and House representatives jointly released an updated version of the legislation, ending months of delay.

"Today, Congress delivered a major win for families working toward the American Dream," said Senate Banking Committee Chairman Tim Scott. "The 21st Century ROAD to Housing Act will help more Americans put down roots, build a better future, and find not just a house, but a home, and I look forward to President Trump signing it into law."

The 21st Century ROAD to Housing Act includes language banning the Federal Reserve from issuing or creating a CBDC or any digital asset "substantially similar" to a CBDC, effective until Dec. 31, 2030.  

The legislation's advancement aligns with the Trump administration's anti-CBDC stance. Last month, U.S. Treasury Secretary Scott Bessent reiterated that CBDCs are clearly "off the table," and that the administration will focus on getting the digital asset-focused Clarity Act across the finish line.