Donald Trump · U.S. · Republicans · Cointelegraph
US CBDC ban to go into effect without Trump signoff on housing bill
Compiled by KHAO Editorial — aggregated from 3 sources. See llms.txt for citation guidance.
✓ KHAO Verified
Donald Trump confirmed on social media that he would not sign the 21st Century ROAD to Housing Act, which includes a ban on a US CBDC until the end of 2030, setting the stage for the bill to become law on Saturday.
Key facts
- Donald Trump confirmed on social media that he would not sign the 21st Century ROAD to Housing Act, which includes a ban on a US CBDC until the end of 2030, setting the stage for the bill to become
- The housing bill, passed by the House of Representatives and Senate in June with support from Democrats and Republicans, included language barring the Federal Reserve from issuing or creating a CBDC “or any digital asset that is substantially similar” until Dec
- [H]e’s refusing to sign the biggest housing bill in 30 years,” said Senator Elizabeth Warren, who co-sponsored the bill, on Trump’s actions
- After midnight on Friday, the 21st Century ROAD to Housing Act will have been in Trump’s hands for 10 days, excluding Sundays, the maximum amount of time a bill can be on the president’s desk
Summary
A bipartisan housing bill containing a ban on a central bank digital currency (CBDC) in the United States is set to become law as the deadline approaches for President Donald Trump to sign it. After midnight on Friday, the 21st Century ROAD to Housing Act will have been in Trump’s hands for 10 days, excluding Sundays, the maximum amount of time a bill can be on the president’s desk without a veto or a signature. In a Friday social media post, Trump confirmed that he would not sign the housing bill, calling Republicans in Congress who voted on the legislation “dumb” and urging the Senate to instead prioritize a controversial voting bill, the SAVE America Act.