#TrumpCancelsHousingBillWithCBDCBan
🏛️
Plot twist: The CBDC ban is on pause. Trump just canceled the signing ceremony for the 21st Century ROAD to Housing Act - the bill that included a 4-year ban on Fed CBDC issuance until 2030.
*What happened:*
1. *Canceled at the last minute*: Trump called off the Capitol Hill signing Wednesday morning on Truth Social. Said it’s “cancelled until such time as we pass the desperately needed SAVE America Act”. He called the housing bill “minor importance” vs election reform.
2. *Bill status*: Both chambers passed it anyway. Senate 85-5 Monday, House 358-32 Tuesday. The anti-CBDC language bars the Fed from issuing “a CBDC or any digital asset substantially similar” until Dec 31, 2030, but exempts “open, permissionless and private” stablecoins.
3. *Not dead yet*: Trump didn’t veto it. If he does nothing for 10 days, it becomes law without his signature. So CBDC ban could still happen by default.
*Why it matters:*
1. *Crypto win still alive*: Ban would codify Trump’s Jan 2025 executive order prohibiting CBDC development. Keeps U.S. digital dollar strategy private via USDC/USDT under GENIUS Act.
2. *Politics over policy*: Trump tied housing to SAVE Act voter ID bill. Democrats like Elizabeth Warren blasted the move as “complete indifference to cost squeeze on American families”.
3. *Stablecoins get runway*: 4-year ban = 2030 sunset. Private stablecoins keep their edge vs Fed CBDC for payments until then.
🏛️
Plot twist: The CBDC ban is on pause. Trump just canceled the signing ceremony for the 21st Century ROAD to Housing Act - the bill that included a 4-year ban on Fed CBDC issuance until 2030.
*What happened:*
1. *Canceled at the last minute*: Trump called off the Capitol Hill signing Wednesday morning on Truth Social. Said it’s “cancelled until such time as we pass the desperately needed SAVE America Act”. He called the housing bill “minor importance” vs election reform.
2. *Bill status*: Both chambers passed it anyway. Senate 85-5 Monday, House 358-32 Tuesday. The anti-CBDC language bars the Fed from issuing “a CBDC or any digital asset substantially similar” until Dec 31, 2030, but exempts “open, permissionless and private” stablecoins.
3. *Not dead yet*: Trump didn’t veto it. If he does nothing for 10 days, it becomes law without his signature. So CBDC ban could still happen by default.
*Why it matters:*
1. *Crypto win still alive*: Ban would codify Trump’s Jan 2025 executive order prohibiting CBDC development. Keeps U.S. digital dollar strategy private via USDC/USDT under GENIUS Act.
2. *Politics over policy*: Trump tied housing to SAVE Act voter ID bill. Democrats like Elizabeth Warren blasted the move as “complete indifference to cost squeeze on American families”.
3. *Stablecoins get runway*: 4-year ban = 2030 sunset. Private stablecoins keep their edge vs Fed CBDC for payments until then.