The US Senate took a step the crypto industry has long sought: as part of a major housing bill, it passed an amendment that would ban the launch of a central bank digital currency (CBDC) until December 31, 2030.

The bill now goes to the House of Representatives for a final vote. The amendment did not appear out of nowhere — it codifies into law a position Trump's administration has consistently promoted from day one: CBDCs are off the table. As early as May, Treasury Secretary Scott Bessent said bluntly at a White House briefing that "the administration has been very clear — there will be no central bank digital currencies," calling CBDCs "the first step toward tracking" citizens' financial transactions. Now this is not just an executive stance but a potential law.

The five-year moratorium is effectively a principled choice in favor of private stablecoins over a state-backed digital dollar. While the Fed is legally barred from launching a CBDC until 2030, the private stablecoin market is rapidly growing and becoming institutionalized.

State Street forecasts the stablecoin market could expand from today's $320 billion to $1.9–4 trillion by 2030. The CBDC ban effectively clears space for that growth: without competition from a government digital dollar, private stablecoins become the default infrastructure for digital payments.

Trading recommendations

Bitcoin

Buyers are currently targeting a return to $64,300, which would open a direct path to $66,000 and then to $67,700 — a break above which would signal attempts to restore the bull market. On the downside, I expect buyers at $62,800. A drop below that area could quickly push BTC toward about $61,200. The most distant downside target is around $59,600.

Ethereum

A clear hold above $1,752 would open a straight path to $1,838. The farther target would be the high near $1,901; a break above that would signal strengthening bullish sentiment and renewed buyer interest. On the downside, I expect buyers at $1,686. A return of the instrument below that area could quickly send ETH toward about $1,615. The most distant downside target is around $1,557.

What's on the chart

• The red lines represent support and resistance levels, where the price is expected to either pause or react sharply.
• The green line shows the 50-day moving average.
• The blue line is the 100-day moving average.
• The lime line is the 200-day moving average.

Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market.