PANews, June 23 – According to CoinDesk, the U.S. Senate passed a housing bill by a vote of 85 to 5, which includes a four-year ban on a Federal Reserve central bank digital currency. The ban will last until the end of 2030, prohibiting the Federal Reserve System or its subordinate banks from issuing or creating a central bank digital currency or any digital asset substantially similar to one.

Although the Federal Reserve is not actively pursuing a CBDC project, Republican lawmakers view CBDCs as a dangerous form of excessive government surveillance and insisted on including the ban in the housing bill. The new Federal Reserve Chair, Kevin Warsh, called CBDCs a "terrible policy choice" during his nomination hearing. Trump signed an executive order in January 2025 prohibiting any actions to advance a CBDC. If the House passes the bill and the president signs it, the ban will become law.