Senate housing bill amendment proposes to block US CBDC until 2030

CoinTelegraph

by Martin Young

March 3, 2026

AI-Generated Deep Dive Summary

The Senate has proposed an amendment to block the issuance of a US central bank digital currency (CBDC) until 2030 as part of the "21st Century ROAD to Housing Act," HR 6644. This measure, introduced in Section 10 of the bill, prohibits the Federal Reserve from creating or issuing a CBDC directly or indirectly through financial institutions or intermediaries. The amendment revives language previously used in standalone bills aimed at preventing the Fed from developing its own digital dollar. The proposed legislation highlights growing concerns over the potential risks and implications of a Fed-issued CBDC. Critics argue that such a currency could undermine privacy, disrupt existing financial systems, and give the government too much control over monetary policy. Proponents of cryptocurrencies, however, view this as an unnecessary restriction on innovation and a potential threat to financial inclusion. The amendment underscores the ongoing debate between traditional financial institutions and crypto supporters regarding the role of digital currencies in the US economy. While some argue that a CBDC could modernize payments and improve efficiency, others fear it could stifle competition from private sector innovations like stablecoins and decentralized finance (DeFi). This proposal reflects broader political tensions over balancing innovation with regulatory oversight. For readers interested in crypto, this development matters because it signals continued resistance to mainstream adoption of digital currencies. If passed, the amendment would delay or even halt efforts

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Originally published on CoinTelegraph on 3/3/2026