U.S. Senate Passes Bill to Ban Fed CBDC for Four Years

Chainthink

Release Time: 06/23/2026 00:33:06

Summary

A new bill passed by the U.S. Senate on June 23 includes a four-year CFTC-related restriction on the Fed’s CBDC development. The Housing Affordability Act, approved 85-5, blocks CBDC projects until 2030. Lawmakers have warned of surveillance risks and government overreach, aligning with a stance opposing crypto. President Trump is expected to sign it, following an earlier executive order against CBDC in January 2025. Federal Reserve Chair Kevin Warsh also expressed opposition during his confirmation.

ChainThink reports that on June 23, according to CoinDesk, the U.S. Senate passed the Housing Affordability Act by an 85-5 vote, which includes a four-year ban on the Federal Reserve issuing a central bank digital currency (CBDC), extending through the end of 2030.

The bill is expected to pass quickly through the House and be signed into law by President Trump. Republican lawmakers believe that a CBDC could become a tool for government surveillance.

The Federal Reserve has not advanced any related projects, and new Chair Kevin Warsh explicitly opposed them during his confirmation hearing; President Trump signed an executive order in January 2025 prohibiting the government from advancing a CBDC.

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