News linked to both this project and an event.
the U.S. House of Representatives passed the 21st Century ROAD to Housing Act with a vote of 358 to 32 on Tuesday, following the Senate's approval of the bill with a vote of 85 to 5. The bill primarily aims to address housing affordability issues and has now been submitted to U.S. President Donald Trump. The bill stipulates that the Federal Reserve shall not directly or indirectly issue or create a central bank digital currency, or any digital asset substantially similar to a central bank digital currency; this provision will expire on December 31, 2030. The bill also sets an exception for crypto stablecoins, allowing "a U.S. dollar-denominated, open, permissionless, and private currency." (Cointelegraph)
According to crypto journalist Eleanor Terrett, U.S. Treasury Secretary Scott Bessent reiterated today that the Trump administration will not launch a central bank digital currency (CBDC). However, the House-passed “ROAD to Housing Act” includes only a temporary ban on the Federal Reserve issuing a CBDC; this ban expires in December 2030, and the bill has not yet passed the Senate. Senate Republican Leader Thune stated that efforts to enact a permanent ban may face Democratic resistance. Some House Republicans believe the expiration of the ban could reopen space for the Fed to explore CBDCs. Fed Chair Kevin Warsh said he would not allow the Fed to advance a CBDC—as long as he retains the authority to block it.