US lawmakers warn temporary CBDC ban isn’t enough, demand 'permanent' block

US lawmakers said any ban on issuing a US CBDC must “be permanent,” warning that creating one would be “inherently anti-American.”

A group of US lawmakers is uniting to prevent the US central bank from ever issuing a Central Bank Digital Currency (CBDC), warning that proposed legislation only delays it until 2031.

“We write to you to express the dire need to prohibit a Central Bank Digital Currency from ever happening in the United States,” US Congressman Michael Cloud wrote in a letter on Friday addressed to House Speaker Mike Johnson and US Senate majority leader John Thune, joined by 28 other members of Congress in support.

It follows a proposed amendment to the Federal Reserve Act that would bar the US central bank from issuing a CBDC until 2031. The amendment is part of the 300-page “21st Century ROAD to Housing Act” (HR 6644), which was released on Monday by the Senate Committee on Banking, Housing, and Urban Affairs.

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