Markets Weekly Notes
Jun 22 – Jun 28 · 2026-W26
1 event this week
🙌 Enforcement showcase Compliance
🏛️ CBDC banned through 2030 Markets
⚡ Open Lakehouse report confirms Iceberg standard Data Engineering
🧠 Feynman Takeaway
The 21st Century ROAD to Housing Act included a provision banning the Fed from issuing a digital dollar through 2030. The US firmly rejected CBDCs.
CBDC Ban Signed into Law Through 2030
In plain English
President Trump signed the 21st Century ROAD to Housing Act, which included a provision banning the Federal Reserve from issuing a central bank digital currency (CBDC) through 2030. The US took the most anti-CBDC stance of any major economy.
Analogy
While China's digital yuan, Europe's digital euro, and dozens of other CBDCs advance, the US said 'no thanks, we'll keep using paper dollars and bank deposits.' It's like the world is switching to smartphones, and the US decided to keep using flip phones — for now.
Why it matters
This had implications for financial inclusion, cross-border payments, and sanctions enforcement. Without a CBDC, the US relied on the existing banking system for all digital payments and sanctions compliance.