US Congress bans Federal Reserve digital dollar until 2030

Congress approved the 21st Century ROAD to Housing Act, which includes a provision prohibiting the Federal Reserve from issuing a central‑bank digital currency (CBDC) through December 2030. The ban eliminates a potential government‑backed digital dollar, a project that had not advanced beyond research, and codifies opposition expressed by Fed officials and the Treasury. The legislation exempts private, permissionless, dollar‑denominated assets, giving stablecoin issuers such as Circle’s USDC and Tether’s USDT explicit legislative protection under the GENIUS Act. These stablecoins now dominate a market worth roughly $320 billion, accounting for more than 80 % of the sector.

Market commentary notes that the regulatory clarity has redirected capital toward private crypto assets. Analysts highlight increased interest in presale tokens, citing the Pepeto token’s $0.0000001879 price and $10.3 million raised, as well as continued institutional weight behind Binance Coin (BNB), which trades around $555. The shift reflects expectations that private digital‑dollar alternatives will fill the gap left by the federal ban.