Policy Event Β· Medium impact

US House Passes Housing Bill With CBDC Ban Through 2030

The U.S. House passed H.R. 6644 with a Title XI provision barring the Federal Reserve from issuing a retail CBDC or substantially similar digital asset through December 31, 2030. The step extends the legislative split between public digital-dollar issuance and privately issued stablecoins after the Senate vote flagged in the prior tracker update.

Medium impactπŸ‡ΊπŸ‡Έ United StatesCBDCRegulationStablecoinCBDCUS HouseFederal ReserveUS Senate

APAC FINSTAB analysis

Although this is outside core APAC, it is relevant because global market-structure, enforcement, and stablecoin precedents often shape licensing expectations for APAC exchanges, issuers, custodians, and DeFi teams. Protocols/assets in scope: CBDC. Named institutions or platforms: US House, Federal Reserve, US Senate. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

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Related policy events

Bybit Secures U.S. Asset Freeze In North Korea Hack Lawsuit

Bybit filed a civil lawsuit in the U.S. District Court for the District of Columbia against North Korea, its Reconnaissance General Bureau and Lazarus Group over the February 2025 hack, with a preliminary injunction freezing linked assets. The case turns a major exchange breach into a sanctions, evidence-preservation and cross-border recovery precedent.

High impactπŸ‡ΊπŸ‡Έ United States🌐 KPEnforcementAML

Hong Kong Appears In 2028 CARF Exchange Cohort

OECD CARF exchange materials cited in today's policy feed place Hong Kong in the 2028 crypto-asset tax information exchange cohort, while mainland China is not yet listed with a first exchange year. Virtual asset platforms serving Hong Kong clients should prepare tax-reporting data fields, disclosures and account documentation workflows.

Medium impactπŸ‡­πŸ‡° Hong KongπŸ‡¨πŸ‡³ ChinaTaxationRegulation