Per Woofun AI, the US House is poised to review legislation this week that imposes a temporary prohibition on central bank digital currencies, with the restriction scheduled to expire at the end of 2030. House Financial Services Committee Chairman Rep. French Hill has expressed confidence that the chamber will swiftly advance the measure to President Trump's desk for final action.

This legislative move underscores a growing congressional consensus to restrict federal digital currency initiatives. The temporary nature of the ban suggests lawmakers intend to reassess the policy landscape over the next decade, potentially allowing for future reconsideration based on evolving technological and economic conditions.