Elizabeth Warren backs housing bill that blocks digital dollar and revives wealth tax plan

The U.S. Senate passed the 21st Century ROAD to Housing Act with an 85‑5 vote, a bipartisan measure aimed at easing the housing shortage. The legislation, co‑authored by Senator Elizabeth Warren, includes a provision that bars the Federal Reserve from launching a retail central‑bank digital currency (CBDC) until at least 2030 and requires explicit congressional approval for any similar digital asset thereafter.

At the same time, Warren is promoting a new wealth‑tax proposal, arguing that a tax on net‑worth above $50 million could fund universal childcare for three‑ and four‑year‑olds. She cites Elon Musk’s billionaire status to illustrate potential revenue, while critics warn the tax could face constitutional challenges and discourage investment. The proposal would apply annually to high‑net‑worth households, raising concerns about valuation of assets and broader economic impacts.