US Senate includes ban on CBDCs in major housing reform

The Trump gang viscerally hates CBDCs. The Biden team dreamed of a digital dollar led by the Fed. The new masters of Congress are preparing the funeral: first class, with flowers and speeches. And guess where they slipped the coffin? In a huge text on housing. A law that no one would dare to torpedo, under penalty of being seen as an enemy of families. The shot is of rare elegance.

The three-cushion pool of anti-CBDCs

A few years ago, it was reported that CBDCs were of interest to 98% of the global economy. But Donald Trump's America deviates from this lot. The idea comes from the Conservatives in the House. For months, they have been demandingoutright ban on the digital dollar. Their arguments? Privacy, surveillance, the specter of a state controlling every transaction. They negotiate in secret with their colleagues. Promise to vote on other crypto texts.

In exchange, they are guaranteed to include their measure in a major law. Direction the NDAA, the defense law. Then, change of plan without notice. Their amendment lands in the “21st Century ROAD to Housing Act”. A bipartisan text on housing, voted by 84 senators against 6.

Burgess Everett, a journalist, tweeted: “ 84-6, Senate advances bipartisan housing proposal. You don't see a vote like this every day “. The amendment goes unnoticed by the masses. However, it locks the American position for six years.

CBDC ban: the Fed muzzled until 2030

The text is brutally clear. The Fed cannot “ issue or create a central bank digital currency, or any substantially similar digital asset “. Ban until December 31, 2030. Eleanor Mueller, journalist, confirms:

Senators included this ban on CBDCs in today's compromise housing legislation, at the request of House Republicans.

The Fed, which repeated that it would not issue anything without the green light from Congress, finds itself with its hands tied. The language is broad, impossible to get around with a “substantially similar” asset. The Trump White House validates. The president will sign, the statement said.

Brendan Pedersen tweeted: “ The White House quickly issues a statement saying it SUPPORTS the law, touting the ban on institutional investors as well as the ban on a digital currency “.

Mass is said.

Meanwhile, China moves forward unabashedly

The anti-CBDCs have won their ideological crusade. No more digital dollar, no more state surveillance. Libertarians are exultant. However, a stone in their shoe bothers them.

In Beijing, the digital yuan is not waiting. It is deployed, tested, imposes itself in exchanges. Europe is also exploring its digital currency. The ECB is moving forward, cautious but determined.

Meanwhile, private stablecoins, USDC and USDT, reign supreme in the US crypto market. Without public competition, they consolidate their throne. So, the annoying question: can the dollar remain king without a digital version? When China has generalized its own, when international trade will be carried out in programmable yuans, will America regret its choice?

The battle was ideological. War is geopolitical. And in this area, the United States may have just handed down quite a card.

The ban on CBDCs in key figures

• 84 votes to 6: the massive score in the Senate for the housing law;
• Until 2030: the ban runs for six years, far beyond the Trump mandate;
• 0 public debate: the amendment went unnoticed in a giant text;
• 100% of transactions: what the Fed will not be able to trace with a digital dollar;
• Billions of digital yuan: already in circulation in China, which is moving forward.

Crypto enthusiasts have never seen any value in CBDCs. They prefer their stablecoins, their bitcoins, their freedoms. Meanwhile, Ray Dalio warns: China, India, the ECB dream of increased state financial control. America says no for now. But on the world stage, this refusal could well cost him dearly.