{"id":74430,"date":"2026-06-23T08:00:39","date_gmt":"2026-06-23T08:00:39","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/senate-votes-85-5-to-ban-a-fed-digital-dollar-through-2030\/"},"modified":"2026-06-23T08:00:39","modified_gmt":"2026-06-23T08:00:39","slug":"senate-votes-85-5-to-ban-a-fed-digital-dollar-through-2030","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/senate-votes-85-5-to-ban-a-fed-digital-dollar-through-2030\/","title":{"rendered":"Senate Votes 85-5 to Ban a Fed Digital Dollar Through 2030"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight:400\"><\/p>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The Senate passed the ROAD to Housing Act 85-5 on June 22, banning a Fed CBDC through 2030.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The measure bars the Federal Reserve from issuing a digital dollar directly or through intermediaries.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The House could vote as soon as Tuesday, sending the bill to President Trump to sign into law.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">A Four-Year Prohibition<\/span><\/h2>\n<p><span style=\"font-weight:400\">Senators voted 85-5 on June 22 to advance the housing affordability bill, which carries a provision prohibiting the central bank from creating a digital dollar through the end of 2030. The <span>CBDC<\/span> language was folded into a <\/span><span style=\"font-weight:400\">much larger package<\/span><span style=\"font-weight:400\"> aimed at lowering housing costs and curbing Wall Street purchases of single-family homes, giving the digital-currency ban a rare path to becoming law on a bipartisan vehicle. <\/span><span style=\"font-weight:400\">The text was explicit, noting: <\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight:400\">\u201cThe Board of Governors of the Federal Reserve System or a Federal reserve bank may not issue or create a central bank digital currency or any digital asset that is substantially similar to a central bank digital currency directly or indirectly through a financial institution or other intermediary,\u201d according to the bill.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight:400\">The \u201cdirectly or indirectly\u201d wording is the heart of the provision as it is designed to stop the Fed from launching a digital dollar through commercial banks or payment firms, a workaround that <span>CBDC<\/span> critics had warned could sidestep a narrower ban. The prohibition is temporary, however, expiring at the end of 2030 unless Congress renews it.<\/span><\/p>\n<figure id=\"attachment_825417\" aria-describedby=\"caption-attachment-825417\" style=\"width:977px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-825417\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">Opponents of a U.S. digital dollar have framed the technology as a surveillance risk. Federal Reserve Chair Kevin Warsh called a <span>CBDC<\/span> a \u201c<\/span><a href=\"https:\/\/www.rev.com\/transcripts\/warsh-confirmation-hearing\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">bad policy choice<\/span><\/a><span style=\"font-weight:400\">\u201d during his nomination hearing, aligning the central bank\u2019s new leadership with the bill\u2019s intent. President Trump has gone further, warning in an executive order that a digital dollar could \u201cthreaten the stability of the financial system, individual privacy, and the sovereignty of the United States.\u201d<\/span><\/p>\n<h2><span style=\"font-weight:400\">From State Bans to Federal Law<\/span><\/h2>\n<p><span style=\"font-weight:400\">The Senate vote caps a multi-year push that began at the state level. For instance, South Carolina Governor Henry McMaster recently signed an anti- <span>CBDC<\/span> law protecting <\/span><a href=\"https:\/\/news.bitcoin.com\/south-carolina-gov-mcmaster-signs-anti-cbdc-crypto-law-protects-self-custody-rights\/\"><span style=\"font-weight:400\">self-custody rights,<\/span><\/a> while <span style=\"font-weight:400\">North Carolina\u2019s legislature <\/span><a href=\"https:\/\/news.bitcoin.com\/north-carolina-rejects-federal-digital-currency-overrides-governors-veto\/\"><span style=\"font-weight:400\">overrode a gubernatorial veto<\/span><\/a><span style=\"font-weight:400\"> to reject a federal digital currency (late 2024). <\/span><\/p>\n<p><span style=\"font-weight:400\">Those efforts, however, stalled as standalone measures, but by attaching the ban to a popular housing bill, supporters found a vehicle with enough bipartisan momentum to clear the 60-vote threshold and then some, with the final tally reaching 85-5.<\/span><\/p>\n<p><span style=\"font-weight:400\">The provision also builds on executive action, given that earlier this year, Trump signed an order barring federal agencies from developing or promoting a <span>CBDC<\/span>, reversing earlier government work on a digital dollar. The new bill would convert that executive directive into statute, making it harder for a future administration to revive the project before 2030.<\/span><\/p>\n<h2><span style=\"font-weight:400\">The Next Developments to Watch<\/span><\/h2>\n<p><span style=\"font-weight:400\">Attention now shifts to the House, where leaders were reportedly weighing an <\/span><span style=\"font-weight:400\">accelerated process<\/span><span style=\"font-weight:400\"> to pass the bill as soon as Tuesday. If the House approves the package without changes, it would head to Trump\u2019s desk, and his signature would make the <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-central-bank-digital-currencies\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">CBDC<\/a> ban law.<\/span><\/p>\n<p><span style=\"font-weight:400\">The <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> industry has watched the bill closely since a federal ban on a government-issued digital dollar removes a competitive threat to private <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a> and clears the field for dollar-pegged tokens issued by the private sector. For <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> advocates, the measure is also symbolic, codifying a distinction between decentralized money and a state-controlled digital currency.<\/span><\/p>\n<p><span style=\"font-weight:400\">Should the bill pass intact, the United States would join a small group of jurisdictions to legally prohibit a central bank digital currency, even as dozens of other countries continue to pilot their own.<\/span><\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/senate-passes-fed-cbdc-ban-2030\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways The Senate passed the ROAD to Housing Act 85-5 on June 22, banning a Fed CBDC through 2030. The measure bars the Federal Reserve from issuing a digital dollar directly or through intermediaries. The House could vote as soon as Tuesday, sending the bill to President [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":74431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74430"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74430"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74431"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}