The US introduces a legislative ban on CBDC until 2030: the dollar will remain analog.
The American legislative process has taken a decisive step toward restricting central bank digital currencies. The U.S. Senate and House of Representatives have reached an agreement on the "21st Century ROAD to Housing Act," which introduces a direct ban on the issuance of a digital dollar (CBDC) until December 31, 2030.
Details of the Ban and Exceptions for Stablecoins
The key provision of the document is a complete taboo on the issuance by the Federal Reserve System (Fed) of any central bank digital currency, as well as any virtual assets "substantially similar" to CBDCs. However, an exception has been made for private stablecoins: their development and circulation remain fully permitted. This clearly separates the public and private sectors of digital assets, leaving room for innovation outside central bank control.
Political Context and Tactics
Interestingly, the CBDC ban was included in a broad package of laws on affordable housing. Such tactical linkage is a classic technique to accelerate the passage of controversial initiatives. Previously, similar measures faced resistance in Congress, but now, combined with a socially significant topic, they have a chance for rapid adoption.
The initiative enjoys active support from Republicans and the administration of President Donald Trump. Back in January, he signed an executive order against CBDCs, calling them a threat to financial stability and citizen privacy. Treasury Secretary Scott Bessent also publicly confirmed that the government does not plan to introduce a digital dollar, further strengthening the consensus.
Adoption Timeline and Conclusions
A procedural vote in the Senate is expected soon. The House of Representatives will consider the bill after June 23. After approval by both chambers, the document will be sent to the president for signature. Earlier, in August 2025, lawmakers had already included a similar ban in the draft defense budget for 2026, indicating a consistent course.
Expert opinion. This step is not just a technical restriction but a powerful signal to the market. The U.S. is deliberately abandoning the tool of direct control over the money supply in digital form, betting on private stablecoins. This could give a strong impetus to the development of a competitive environment in digital payments, but simultaneously creates risks of fragmentation and dependence on corporate issuers. While other countries experiment with CBDCs, America is choosing the path of decentralized alternatives.