White House · Donald Trump · Federal Reserve (FED) · US Congress · CryptoSlate
Why anti-CBDC Trump refuses to sign bill banning a digital dollar through 2030
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President Donald Trump has spent his second term trying to close the door on a U.S. central bank digital currency.
Key facts
- The House passed the bill 218-213 in February, with one Democrat joining Republicans
- The provision would prevent the Fed from issuing or creating a CBDC, directly or through a financial intermediary, until Dec. 31, 2030
- Earlier Wednesday, White House press secretary Karoline Leavitt described the expected signing as another example of Trump keeping a campaign promise
- Elizabeth Warren, the Massachusetts Democrat who helped negotiate the legislation as the ranking member of the Senate Banking Committee
Summary
01 Trump withheld his signature from the housing bill, delaying the first federal measure to bar a CBDC until 2030. 02 The provision would lock in his anti-CBDC stance, limiting a Fed digital dollar while leaving private stablecoins untouched. 03 The bill is not dead yet, but Trump may still sign, veto, or seek leverage over Congress through the SAVE America Act. The decision placed Trump in the unusual position of blocking, at least temporarily, a measure that would codify his own opposition to a digital dollar.