Key Facts

• The 21st Century ROAD to Housing Act included a provision that would have barred the US Federal Reserve from issuing or creating a Central Bank Digital Currency (CBDC) until 2030.
• The bill exempted certain stablecoins from the ban on CBDC issuance or creation.
• Donald Trump canceled the signing of the 21st Century ROAD to Housing Act, which had included the CBDC ban provision.
• The cancellation of the bill's signing has significant implications for the future of digital currency in the United States, particularly with regards to the potential introduction of a CBDC.
• The 21st Century ROAD to Housing Act was a legislative proposal that aimed to address housing-related issues in the United States, but its cancellation has now shifted the focus to the future of CBDCs in the country.