U.S. housing bill with CBDC ban stalls as Trump ties signing to SAVE America Act

The U.S. House passed the 21st Century ROAD to Housing Act 358-32 after the Senate approved it 85-5, sending President Donald Trump a bipartisan housing package that would bar the Federal Reserve from directly or indirectly issuing a central bank digital currency, or a substantially similar digital asset, until Dec. 31, 2030. Trump then canceled a planned Wednesday signing and said he would not act on the bill until Congress passes the SAVE America Act, a voter-eligibility measure he called a "national emergency." The bill exempts stablecoins and permits dollar-denominated, open, permissionless and private money, while the delay could sap momentum for the anti-CBDC push and the Clarity Act as the Senate has roughly five weeks before summer recess.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.