The U.S. Senate passed a housing bill that includes a four-year ban on the Federal Reserve's CBDC

According to CoinDesk, the U.S. Senate passed a housing bill with a vote of 85 to 5, which includes a four-year ban on Federal Reserve central bank digital currency (CBDC). This ban will last until the end of 2030, prohibiting the Federal Reserve system or its member banks from issuing or creating central bank digital currency or any digital assets that are substantially similar. Although the Federal Reserve has not actively promoted a CBDC project, Republican lawmakers view CBDCs as a dangerous act of government overreach and insisted on including it in the housing bill. The newly appointed Federal Reserve Chairman Kevin Warsh called CBDCs a "bad policy choice" during his nomination hearing. Trump signed an executive order in January 2025 prohibiting any actions to advance CBDCs. If the House passes it and the President signs it, the ban will become law.