Storyline
US CBDC ban enacted
A US retail CBDC ban is working its way through Congress, stalling at the White House, and ultimately taking legal effect through 2030 without presidential signature.
Timeline
- Sun, Jul 26Latest
CBDC Ban: outlaws three fears (kind of)
The United States enacted a ban on central bank digital currencies, passing the Senate 85–5 via attachment to a housing bill. The legislation prohibits three specific capabilities: direct Federal Reserve accounts for individuals, programmable money, and transaction traceability. Commercial bank opposition, rooted in the threat CBDCs posed to deposit-based business models, was documented as a factor shaping the legislative outcome.
- Sun, Jul 12
US CBDC Ban Now Law
A US law banning a retail central bank digital currency took effect without President Trump's signature, with the prohibition period confirmed as running until 2030. The law constrains the federal government from developing or deploying a retail CBDC for the duration of the ban.
- Sat, Jul 11
CBDC Ban Enacted Without Trump
A provision banning a US government digital dollar until 2031 was embedded in a housing bill that automatically took effect early Saturday local time, as President Trump declined to sign it in protest over the SAVE America Act. Trump's refusal to sign was deemed legally invalid under the bill's automatic enactment mechanism. The law constrains the federal government from developing or deploying a retail central bank digital currency for the duration of the ban.
- Thu, Jun 25
CBDC Ban Stalled as Trump Declines to Sign Housing Bill Containing Digital Dollar Prohibition
President Trump declined to sign the bipartisan housing bill that contained a provision banning the Federal Reserve from issuing a central bank digital currency through 2030, describing it as 'of minor importance.' The refusal placed the digital dollar ban on hold despite the bill having previously passed the Senate. The development leaves the CBDC-versus-stablecoin regulatory landscape unresolved pending further congressional action.
- Wed, Jun 17
US Congress Passes CBDC Ban Through 2030 in Bipartisan Housing Bill
Both chambers of the US Congress reached a bipartisan deal on a housing bill that includes a provision banning CBDCs through 2030. The Senate voted 87-8 to advance the bill, which also carries implications for tokenized real estate. The CBDC ban directly restricts federal digital currency deployment on payment rails for the remainder of the decade.