U.S. Blocks Fed's Central Bank Digital Currency Plans Until 2030

The U.S. government has officially banned the Federal Reserve from issuing a central bank digital currency (CBDC) until December 31, 2030. The provision was included in the 21st Century ROAD to Housing Act, a sweeping bipartisan housing bill that aims to boost construction and financing options. President Donald Trump refused to sign the bill due to his opposition to the Senate's failure to pass the SAVE America Act voting bill.

The ban removes near-term uncertainty around a digital dollar, giving private stablecoins more room to develop. However, it does not address broader digital asset regulation. The Fed has never formally pursued a CBDC, and senior officials have consistently stated that any digital dollar would require clear authorization from Congress and the White House.

Trump's decision to withhold his signature has raised questions about the fate of other crypto-related bills, particularly the Digital Asset Market Clarity Act. This legislation aims to define how digital assets are regulated and how authority is split among federal agencies.