Treasury Secretary @SecScottBessent reiterated today that there will be no CBDC under the Trump administration. However, it's worth noting that the House-passed ROAD to Housing Act includes a temporary ban on a Fed-issued CBDC that expires in December 2030. That bill has yet to pass the Senate, but Leader Thune has signaled that efforts to enact a permanent ban would likely face hurdles from Democrats. Some House Republicans have characterized the expiration of the ban as a de facto "go-live" date for a CBDC because it could reopen the door to the Fed exploring one. Fed Chair Kevin Warsh has said he would not allow the Fed to move toward a CBDC if it's within his power to stop it. But the proposed CBDC ban sunsets in 2030, the same year Warsh's first term is set to expire.(Eleanor Terrett)