A coalition of U.S. lawmakers is advocating for a permanent ban on the issuance of a Central Bank Digital Currency (CBDC) in the United States, citing concerns over civil liberties and financial privacy. In a letter to House Speaker Mike Johnson and Senate Majority Leader John Thune, Rep. Michael Cloud and 28 colleagues emphasized the need to prohibit a CBDC permanently, arguing that a temporary pause would not adequately protect Americans from potential surveillance and centralized financial control.
The push comes as the Senate Committee on Banking, Housing, and Urban Affairs released the 21st Century ROAD to Housing Act (HR 6644), which includes a provision to bar the Federal Reserve from issuing a CBDC until 2031. Lawmakers argue that the current legislative language is insufficient and are calling for a return to the stricter provisions of the Anti-CBDC Surveillance State Act (HR 1919), which has passed the House but awaits Senate consideration. Meanwhile, Senator Mike Lee's No CBDC Act (S 464), which seeks a federal ban, remains stalled in Congress, highlighting the challenges of achieving consensus on this issue.
US Lawmakers Push for Permanent Ban on Central Bank Digital Currency
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