US Senate Proposes Amendment to Block CBDC Until 2030

A proposed amendment to the Federal Reserve Act would prohibit the United States central bank from issuing a central bank digital currency until at least 2030. The amendment was discovered in Section 10 of the 21st Century ROAD to Housing Act, a 300-page legislative package released by the Senate Committee on Banking, Housing, and Urban Affairs. The proposed legislation states that the Board of Governors of the Federal Reserve System or any Federal Reserve bank may not issue or create a central bank digital currency or any digital asset that is substantially similar to a CBDC, either directly or indirectly through financial institutions or other intermediaries. The bill contains an exception for stablecoins, specifying that the Fed shall not prohibit any dollar-denominated currency that is open, permissionless, and private, while fully preserving the privacy protections of physical currency. The proposed prohibition includes a sunset clause expiring on December 31, 2030, after which new legislation would be required to maintain the ban. The White House issued a statement supporting the Act and the prevention of a CBDC, citing significant threats to personal privacy and liberty. The Senate advanced the legislation overwhelmingly on a procedural cloture vote of 84-6 on Monday, clearing the way for full floor consideration. This represents the latest in a series of legislative attempts to block a US CBDC. Senator Mike Lee previously introduced the standalone No CBDC Act in February 2025, though it stalled in Congress. Congressman Tom Emmer introduced the Anti-CBDC Surveillance State Act in June 2025, which passed the House vote but has not received full Senate approval. Globally, only three countries have officially deployed CBDCs: Nigeria, Jamaica, and The Bahamas. An additional 49 nations are actively testing CBDCs, including China, Russia, India, and Brazil, while 20 countries have a CBDC in development and 36 remain in research phases.