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President Donald Trump declined to sign the 21st Century ROAD to Housing Act, shelving a measure that would have prohibited the US Federal Reserve from issuing or creating a central bank digital currency until 2030.
The cancellation removes what would have been one of the most concrete near-term legislative constraints on Federal Reserve digital currency development, while leaving the regulatory treatment of stablecoins in a separate lane.
A Housing Bill With a Digital Currency Rider The 21st Century ROAD to Housing Act was a housing-focused piece of legislation, but it carried a significant financial technology provision: a hard prohibition on the Federal Reserve issuing or creating any CBDC through the end of the decade.
The carve-out is as notable as the ban itself — certain stablecoins were explicitly exempted from the restriction, a distinction that preserves the operating space for private digital dollar instruments even as it would have frozen the central bank out of the field.
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