The US Congress has just sealed the fate of CBDCs until 2030 by banning them via a housing bill. A surprising decision, where Trump, the Republicans and even some Democrats join forces. But who do they really fear? And why now?
In brief
- CBDCs banned in the United States until 2030 via the 21st Century ROAD to Housing Act.
- A bipartisan compromise (Warren, Hill) to block the Fed's digital currency.
- Fear of monetary manipulation or technological delay compared to China?
The banning of CBDCs, a bipartisan victory in a bill… on housing
Ironically, it is in a bill on real estate, the “21st Century ROAD to Housing Act”that Congress slipped a political bomb: the ban on the Fed from creating a CBDC until December 31, 2030. Supported by figures like Tim Scott (RS.C.), Elizabeth Warren (D-Mass.), French Hill (R-Ark.) and Maxine Waters (D-Calif.), this text reflects a rare bipartisan compromise in a divided America.
The project, supposed to boost the supply of affordable housing and limit the influence of investment funds on the real estate market, served as a Trojan horse for opponents of CBDCs. A classic legislative strategy… attaching a controversial measure to a text “must pass”. Result ? The Fed sees its hands tied for almost 5 yearswhile private cryptos like bitcoin breathe… for now.
Why this moratorium? Who are the senators afraid of? Trump, certainly
Behind this ban there is certainly a visceral fear, that of seeing Donald Trump or a future president manipulate a CBDC for political purposes. Indeed, his mandate ends in January 2029, but his influence on the markets remains intact. Let us recall his historic and provocative tweets which shook the price of bitcoin on several occasions. The Republicans, who have a majority in the House, therefore certainly see it as a weapon of economic control.
Indeed, a CBDC would allow the State to monitor transactions, or even freeze accounts, which is a nightmare for libertarians. The Democrats, for their part, undoubtedly fear a partisan diversion where Trump could make it a tool of patronage. Which could explain this preventive blockage, the time for the debate to mature… or for Trump to leave the stage definitively. In the meantime, the United States is leaving the field open to China and its e-CNY.
The American Congress locks the door on CBDCs until December 31, 2030. Between possible distrust of Trump, crypto lobbying and technological warfare, one question persists… Isn't the United States at risk of missing the train of monetary innovation? And you, do you think that this banishment is wisdom or a historical error?
Maximize your Tremplin.io experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
