Senate Amendment Seeks to Block US CBDC Issuance Until 2030

A proposed amendment to the Federal Reserve Act would prevent the Federal Reserve from issuing a central bank digital currency (CBDC) until the end of the decade. The language appears in the 300-page “21st Century ROAD to Housing Act” (HR 6644), introduced by the Senate Committee on Banking, Housing, and Urban Affairs.

Section 10 of the bill states that the Federal Reserve Board and regional reserve banks may not issue or create a CBDC, either directly or indirectly through financial intermediaries. The restriction would remain in effect until Dec. 31, 2030, unless renewed through new legislation.

The amendment includes an exception for privately issued, dollar-denominated stablecoins, emphasizing that digital assets must remain open, permissionless and protective of user privacy.

Previous Efforts to Block a US Digital Dollar

The amendment revives language from earlier proposals, including the “No CBDC Act” (S 464) introduced by Mike Lee, and the “Anti-CBDC Surveillance State Act” (HR 1919) sponsored by Tom Emmer. While those measures advanced in Congress, none have fully cleared the Senate.

Globally, several nations including China, Russia, and India are actively testing CBDCs, as debate over digital sovereign currencies continues in the United States.

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