U.S. House Republicans are trying to make a temporary block on creating a digital currency issued by the Federal Reserve permanent. This effort is happening as Congress gets ready to vote on a large bill related to housing later this week.
Summary
- House Republicans have pushed to make the proposed U.S. CBDC ban permanent in the revised 21st Century ROAD to Housing Act.
- Representative Warren Davidson said the Senate’s 2030 expiration date could create a future pathway for a Federal Reserve-issued digital dollar.
- House Majority Whip Tom Emmer has continued urging the Senate to pass his Anti CBDC Surveillance State Act after it cleared the House earlier this year.
Congressman Mike Flood says House members changed the Senate’s 21st Century ROAD to Housing Act to permanently prevent a central bank digital currency (CBDC). The original bill only prohibited a CBDC until 2030, but lawmakers made the ban indefinite.
As a crypto investor, I’ve been keeping an eye on everything happening in Washington, and this new housing package caught my attention. Back in March, the Senate Banking Committee proposed a pretty comprehensive bill aimed at boosting housing supply, making homes more affordable, improving access to mortgages, and updating rules around manufactured housing. Senators Tim Scott and Elizabeth Warren were the main drivers behind it, and it actually passed a key procedural vote in the Senate with strong bipartisan support – 84 to 6, which is pretty rare these days. It’s interesting to see how this could impact the broader economy, and potentially even crypto adoption, as housing is such a major part of people’s financial lives.
The housing plan included a rule that would have blocked the Federal Reserve from creating a digital dollar without permission from Congress. The original Senate proposal would have kept this rule in effect until the end of 2030.
House Republicans are now attempting to eliminate the expiration date on the bill before it returns to the Senate for a final vote.
Representative Warren Davidson, a supporter of the changes, explained that the current deadline essentially sets a date for the potential launch of a digital dollar issued by the government.
Representative Davidson believes the House of Representatives has a chance to come together and pass a bill to make housing more affordable. However, he says they’re currently focused on launching a Central Bank Digital Currency, and are using the housing issue as a way to push it through.
Davidson also stated that the 2030 deadline allows time for development before a potential launch, and he urged a complete and permanent ban on central bank digital currencies (CBDCs) in the U.S.
Republicans revive anti-CBDC push in Congress
On Capitol Hill, Representative Tom Emmer is still working to get the Senate to approve his bill, the Anti-CBDC Surveillance State Act. The House of Representatives already passed the bill in July.
As an analyst, I’m following a proposal that would prevent the Federal Reserve from developing a digital currency. Those backing the proposal are largely focused on concerns about privacy and maintaining financial freedom, and they see this as a key way to protect both.
Congressman Tom Emmer warned that China’s digital currency is used to monitor and control citizens, and he’s pushing the Senate to pass a bill preventing the U.S. government from creating a similar system. He described the bill as a way to prevent the creation of a surveillance tool reminiscent of George Orwell’s novel *1984*.
Attempts to block a digital dollar with separate bills haven’t been successful. Senator Mike Lee previously proposed the “No CBDC Act” to prevent the Federal Reserve and Treasury Department from creating a digital currency, but that bill didn’t move forward in Congress.
Many people outside of government worry that central bank digital currencies (CBDCs) could lead to increased government surveillance and control. However, the Human Rights Foundation points out that CBDCs could also help people who currently lack access to traditional financial services, though they also acknowledge potential risks to privacy and the possibility of government misuse.
According to the Atlantic Council’s data, only three nations – Nigeria, Jamaica, and the Bahamas – have officially launched their own digital currencies. Many other countries are still testing or exploring the idea.
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2026-05-19 11:40