House and Senate leaders have struck a deal on a broad housing bill that now moves to votes in both chambers, with the central bank digital currency ban emerging as the part crypto traders will watch most closely.
Bloomberg reported on June 16 that the legislation is designed to boost housing supply and ease affordability pressure after years of rising home prices and mortgage rates that have stayed elevated. The Senate is expected to vote on the package this week, with the House to follow next week. White House backing helped push the deal over the line, in part because the bill also limits institutional purchases of single-family homes, a political flashpoint for both parties.
For crypto markets, the headline item is the CBDC language. Under the agreement, the Federal Reserve would be barred from developing or advancing a central bank digital currency through 2030. That is not a full, permanent ban, but it is long enough to matter for policy expectations. Republicans have spent years arguing that a CBDC could give Washington a new tool for financial surveillance, and President Donald Trump repeatedly opposed the idea during his campaign.
The bill is not only about housing and digital money. It also includes some easing of bank rules and would cap HUD disaster recovery programs at three years, while the Senate restored some wage-related provisions backed by labor groups. On housing, the tightened restrictions on large investors buying homes may help the package keep broader support, even if the market impact proves modest in practice.
From a trading perspective, the crypto angle is straightforward: Congress is giving formal weight to a position that has already been popular with much of the industry and with Trump’s political base. The risk is that the language still has to survive two votes, and any change in conference talks could soften the CBDC section. Traders will be watching whether the Senate passes the bill this week and whether the House keeps the 2030 restriction intact when it votes next week.
US Congress advances housing bill with CBDC ban through 2030
US Congress passed a housing bill including a ban on the Federal Reserve developing a central bank digital currency (CBDC) until 2030. This move reflects concerns over government surveillance and restricts CBDC progress in the crypto industry.