The U.S. Congress is advancing a bill that includes provisions restricting CBDCs. The latest revised text prohibits the Federal Reserve from directly or indirectly issuing or creating a central bank digital currency, or issuing digital assets substantially similar to one, before December 31, 2030.
This provision was included in a broader housing bill. Originally focused on housing affordability and limiting institutional investors from bulk-purchasing single-family homes for rental purposes, the digital dollar clause in the bill could influence the future trajectory of digital currency in the United States.
The provisions enter inter-chamber coordination.
On June 16, lawmakers from both parties released the updated bill text. Restrictions regarding CBDCs are not new; the Senate had already included related provisions in its vote in March, and the House passed its own version in May.
The two chambers still differ on certain provisions. After the Senate introduced its latest amendments, the text is expected to be sent back to the House for a final vote. Reports indicate that Congress will accelerate progress on the bill after its recess ends on June 23.
Private stablecoins are not included.
According to the bill text, the Federal Reserve is prohibited from directly or indirectly issuing or creating a central bank digital currency or any digital asset substantially similar to it. This restriction will remain in effect until the end of 2030.
However, the bill does not impose restrictions on all digital dollars. The text explicitly excludes privately issued, open, unrestricted, and dollar-denominated digital currencies. This means that the current focus is on government-issued digital dollars, rather than dollar-stablecoins issued by private entities.
After years of advocacy by the Republican Party, it is nearing implementation.
For Republicans, this arrangement could represent a legislative advance on the issue of financial privacy. Lawmakers opposing CBDCs have long argued that government-issued digital currency could expand government control over payments and personal financial activities.
The current text closely resembles the Anti-CBDC Surveillance Act introduced by Congressman Tom Emmer in June 2025, which previously passed in the House of Representatives but failed to advance in the Senate. Now, similar provisions have been incorporated into a broader housing bill, making their path to enactment clearer.
Additionally, Trump signed an executive order in January 2025 prohibiting federal agencies from advancing CBDC-related work, citing concerns over financial stability, privacy, and risks to U.S. sovereignty. If this bill passes, these restrictions will be elevated from the executive level to federal law.
Additional information: The article notes that, as of January 1, 2026, Russia has permitted the digital ruble for budget transfers and funding allocations to federal agencies, highlighting a growing divergence in CBDC pathways among major economies.