U.S. Senate backs CBDC ban amendment in housing bill, SEC shifts to narrow tokenized securities exemption

On 12 March, the U.S. Senate voted 89-10 to add a Central Bank Digital Currency (CBDC) ban amendment to the 21st Century Road to Housing Act, potentially blocking the Federal Reserve from issuing a digital dollar until 2030 if the House agrees. Separately, the SEC is moving from a broad innovation safe harbor toward a limited exemption for tokenized securities, while market odds for the CLARITY Act's passage this year have fallen from 78% to 56%.