29 Lawmakers Reject Temporary CBDC Ban Until 2031
A coalition of 29 U.S. lawmakers is formally demanding a permanent prohibition on a central bank digital currency, arguing a recently proposed temporary ban does not adequately protect American financial freedom. In a letter addressed to House and Senate leadership, Congressman Michael Cloud and 28 colleagues voiced strong opposition to a provision within the “21st Century ROAD to Housing Act” (HR 6644) that would only bar the Federal Reserve from issuing a CBDC until 2031.
The group contends that any delay is insufficient and that the fundamental nature of a CBDC is a threat to civil liberties. Their letter states that a digital dollar would expose Americans to unconstitutional financial surveillance and grant the Federal Reserve unprecedented control over personal finances.
A CBDC is inherently anti-American and a looming issue we must put an end to before it is too late.
— Letter from 29 U.S. Members of Congress
Legislators Push to Revive Stalled Anti-CBDC Bills
The lawmakers are urging Congress to abandon the temporary measure and instead pass the “Anti-CBDC Surveillance State Act” (HR 1919). This bill, which previously passed the House on July 17 but has not cleared the Senate, contains much stronger prohibitive language that the coalition wants restored. The letter specifically criticizes the housing act's amendment for being a "watered-down version" of HR 1919 and for not preventing the Federal Reserve from continuing its research and development of a CBDC.
This action highlights a persistent legislative battle over the future of digital currency in the United States. Other efforts, such as the “No CBDC Act” (S 464) introduced in February 2025, have also stalled in Congress. For investors, this escalating political conflict creates significant regulatory uncertainty. While a permanent ban on a U.S. CBDC could strengthen the case for decentralized assets like Bitcoin, the prolonged infighting may deter institutional capital from entering the digital asset sector until a clear policy direction is established.
