#TrumpCancelsHousingBillWithCBDCBan #TrumpCancelsHousingBillWithCBDCBan
U.S. President Donald Trump unexpectedly canceled the signing ceremony for the bipartisan 21st Century ROAD to Housing Act, a major housing reform package that also contained a provision banning the Federal Reserve from issuing a U.S. CBDC (central bank digital currency) until 2030.
Key details:
The bill passed Congress with overwhelming bipartisan support, including votes of 85-5 in the Senate and 358-32 in the House.
Alongside housing reforms, the legislation would prohibit the Federal Reserve from creating or issuing a CBDC through December 31, 2030.
Trump halted the signing, saying Congress should first pass the SAVE America Act, which he called a national emergency.
The housing bill includes measures to boost housing supply, streamline construction approvals, and limit large institutional investors' purchases of single-family homes.
Why crypto markets are watching
The CBDC ban is viewed by many in the crypto industry as a major policy win because it blocks a government-issued digital dollar for several years while leaving privately issued stablecoins unaffected.
Trump's delay creates uncertainty about when the CBDC restriction will formally become law, although congressional leaders have indicated the housing bill could still move forward.
Market takeaway: The housing bill's delay is more about a broader political standoff than opposition to the CBDC provision itself. Investors are now watching whether the bill is signed, amended, or allowed to become law through congressional procedures in the coming days.