- US Senate approves CBDC ban in an 85-5 vote, preventing issuance through 2030.
- Some crypto advocates warn a future Congress could revisit CBDC policy through new legislation.
- CLARITY Act still has no scheduled Senate floor vote ahead of the August recess.
The US Senate has passed the 21st Century ROAD to Housing Act in an 85-5 vote, with the legislation including a temporary ban preventing the Federal Reserve from issuing a central bank digital currency through 2030. The bill now moves to the House for consideration.
Senator Cynthia Lummis framed the vote as part of a broader fight for American leadership in digital finance. “The US did not invent the internet and then hand it to someone else to govern. We are not doing that with digital assets either,” she said.
Debate Over Long-Term CBDC Policy
The CBDC ban is significant, but some crypto advocates argue that a future Congress could still revisit the issue through new legislation.
Former CFTC Chairman Chris Giancarlo has previously said that privacy concerns extend beyond CBDCs to stablecoins as well, pointing out that programmable money in any form carries surveillance risk if the right safeguards are not built in.
CLARITY Act Still Lacks a Scheduled Vote
The CBDC vote came as pressure mounted on the Senate to act on several other crypto-related bills before the August recess. The CLARITY Act, the broader crypto market structure legislation that passed the Senate Banking Committee, still does not have a confirmed floor vote scheduled.
Advocacy groups, including Stand With Crypto, have urged the public to contact their senators directly, calling for a floor vote before recess begins. Lawmakers are reportedly holding emergency meetings this week to advance negotiations.
Separately, the Blockchain Association, the Crypto Council for Innovation, and the Digital Chamber are pushing Congress to pass a crypto mining and staking tax bill without further revisions, warning that reopening the compromise text risks stalling a result that is finally within reach.
Additionally, President Trump also signed two executive orders directing federal agencies to accelerate quantum computing development and transition government systems to post-quantum cryptography by 2031, a move that aligns with broader blockchain industry efforts to future-proof network security ahead of the quantum computing era.
Related: Bank of America Predicts Three Fed Rate Hikes as Inflation Persists
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