The U.S. Senate has blocked the launch of the digital dollar until 2030: what this means for the crypto market
The U.S. legislative body has taken a decisive step that will determine the fate of government digital currencies in the country for years to come. The Senate passed a sweeping bill, the 21st Century ROAD to Housing Act, which, in addition to reforming the housing market, introduces a direct ban on the Federal Reserve System issuing a digital dollar (CBDC). The decision was made by an overwhelming majority — 85 votes to 5.
The key provision of the document directly prohibits the Board of Governors of the Federal Reserve System and federal reserve banks from creating or issuing any central bank digital currency, as well as assets "substantially similar" to it. This moratorium is in effect until December 31, 2030. It is important to note that stablecoins — private dollar-denominated tokens — are not subject to this ban and remain outside the jurisdiction of this law.
An Unusual Alliance: Housing and Digital Finance
The attachment of the anti-CBDC provision to the housing bill is not a coincidence but a deliberate legislative tactic. Republicans in the House of Representatives, who have long opposed a government digital currency, insisted on including this clause to ensure its passage. They argue their position based on the threat to privacy and the risk of establishing total financial control by the state. House Financial Services Committee Chairman French Hill emphasized that housing affordability begins with supply, and the law takes a significant step toward building new homes and reducing costs for American families.
What's Next? The Trump Administration and the Absence of a Project
The document now heads to a vote in the House of Representatives, after which it will be sent to the president for signature. An expedited vote is expected immediately after Congress returns from recess on June 23. The Donald Trump administration has taken a firm stance against CBDCs: Treasury Secretary Scott Bessent previously confirmed that the digital dollar is "off the table," and the government's main efforts are focused on advancing the specialized digital assets law — the Clarity Act.
Notably, there is currently no active federal project in the U.S. to create a digital dollar. Federal Reserve Chairman Kevin Warsh has repeatedly stated his complete disagreement with such an initiative. While other countries, such as the European Central Bank, are preparing a pilot digital euro for next year, the U.S. appears to be definitively choosing a path of supporting private stablecoins over a government digital currency.
Expert Opinion: This decision is a powerful signal for the market. The ban on CBDCs until 2030 not only removes one of the main regulatory risks for stablecoins but also confirms the U.S. commitment to a model of decentralized private digital assets. For the crypto industry, this is unequivocally a positive scenario that could accelerate the adoption of specialized legislation and the inflow of institutional capital.