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The US Senate passed the 21st Century ROAD to Housing Act in a bipartisan 85-5 vote, aiming to lower housing costs by banning large corporate investors from buying single-family homes and streamlining construction permits. The bill also includes a provision barring the Federal Reserve from issuing a central bank digital currency (CBDC) until 2030, with a carve-out for stablecoins Source: Cointelegraph. President Donald Trump cancelled the signing ceremony, stating he would not sign the bill until the SAVE America Act—requiring in-person proof of citizenship to vote—is passed Source: AP News.
The legislation prohibits corporate investors owning 350 or more properties from buying more single-family homes, expedites federal construction reviews, and expands access to manufactured housing and mortgages Source: The Guardian. It also bans the Fed from creating a CBDC or similar digital asset until the end of 2030 Source: CoinDesk.
Trump's demand to prioritize the voting bill has stalled the housing measure, despite strong support from both parties. Senate Banking Committee Chairman Tim Scott and Senator Elizabeth Warren had praised the housing bill as historic Source: Infobae. Some crypto market structure bills, like the CLARITY Act, may also face delays if Trump follows through on his threat to veto unrelated legislation Source: Cointelegraph.
“The Senate is set to pass a bipartisan housing bill on Monday that aims to bring down prices and increase supply in one of the most sweeping efforts in recent decades to reduce federal regulations and increase local control.”
“US President Donald Trump cancelled the signing ceremony for a housing bill containing a ban on a central bank digital currency (CBDC) as he looked for Republicans in Congress to prioritize a controversial voting bill.”
“The legislation comes as Democrats and Republicans prepare for November's midterm elections, in which concerns about affordability are expected to loom large.”
“The concept of a digital dollar likely would have needed the backing of the White House, Congress and the Federal Reserve, none of which pushed to pursue one.”
“La votación fue de 85 a 5, un margen que refleja el respaldo transversal de ambos partidos.”
“The US Senate has passed housing legislation that includes a ban on the Federal Reserve creating or working on a central bank digital currency (CBDC) until 2030.”