U.S. House Republican leadership has unveiled an amendment to the 'ROAD to Housing Act,' which passed the Senate, Punchbowl reporter Brendan Pedersen reported via X. The amendment maintains a provision prohibiting the Federal Reserve (Fed) from issuing a central bank digital currency (CBDC) until the end of 2030, with an exception for open, permissionless, privacy-preserving dollar-denominated currencies. It also includes an interpretive clause stating that the Fed cannot issue a CBDC without separate congressional approval. The Senate passed the bill 89-10 last March, but its processing has been delayed due to objections from House conservatives regarding the CBDC ban being set to expire in 2030 and the requirement for large institutional investors to sell single-family homes purchased within seven years.
