US Senate Passes Housing Bill Blocking Federal Reserve CBDC Development Until 2031

The US Senate approved the 21st Century ROAD to Housing Act 89-10, a housing package that bars the Federal Reserve from developing or piloting a Central Bank Digital Currency until 2031 unless Congress grants explicit authorization, The Coin Republic reports. The measure also prohibits the Fed from offering retail CBDC services directly to individuals, a structure experts say protects the two-tier banking system and encourages private-sector stablecoin innovation. The bill now heads to the House, though its passage faces uncertainty as President Donald Trump threatened to veto any legislation without the accompanying SAVE Act voting reform. Bitcoin rose 4% to around $73,100 following the Senate vote, with market observers noting concerns that a decade-long US CBDC moratorium could allow China's digital yuan and Europe's digital euro to gain ground.