Republican Members Call for Permanent CBDC Ban in Housing Act as 2030 Expiration Date Faces Challenge

According to Cointelegraph, on May 19, Republican members of Congress are calling for a permanent ban on U.S. central bank digital currency in the Housing Act scheduled for House votes. Representative Mike Flood stated the revised measure aims to overturn implicit approval of CBDC and make the prohibition permanent. The current language includes a 2030 expiration date; Representative Warren Davidson noted this effectively provides CBDC a pre-launch development period.