Signal New US Housing Law Bars Fed CBDC Through 2030 as Regulators Draft Stablecoin Rules

Summary

The 21st Century ROAD to Housing Act took effect as US law, carrying a provision that bars the Federal Reserve from issuing a retail or intermediated central bank digital currency until December 31, 2030. Separately, the Office of the Comptroller of the Currency is drafting detailed rules under the GENIUS Act. Those rules would create a foreign-issuer pathway for dollar-pegged stablecoins. Analysts describe the combination as reinforcing dollar dominance through private stablecoins rather than a CBDC. In effect, the government is handing that role to the private sector instead of issuing a digital currency itself.