US CBDC ban to go into effect without Trump signoff on housing bill
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.
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.
Just 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. Under the US Constitution, the legislation will automatically become law without action from Trump, who canceled the signing ceremony for the bill on Jun 24.
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. The legislation, which would require people to provide proof of US citizenship in person to register, has received widespread criticism for claims that it would disenfranchise citizens already eligible to vote.
