Senate Blocks US CBDC Till 2030, Boosts Decentralized Cryptocurrencies

The US Senate has passed a bill that prohibits the Federal Reserve from issuing a central bank digital currency (CBDC) until December 31, 2030.

The bill, which was advanced jointly by Senators Tim Scott and Elizabeth Warren, was passed with an overwhelming 85-5 bipartisan vote on June 22, 2026.

The prohibition targets retail CBDCs specifically, leaving wholesale CBDCs used for interbank settlement and private stablecoins untouched. This is seen as a boost to decentralized cryptocurrencies like Bitcoin, which thrives on narratives of financial sovereignty and limited government control over money.