US President Donald Trump cancelled the signing ceremony for a housing bill containing a ban on a central bank digital currency (CBDC) as he looked for Republicans in Congress to prioritize a controversial voting bill.
In a Wednesday morning Truth Social post, Trump said that the signing for the 21st Century ROAD to Housing Act, passed by the US Senate and House of Representatives, would be cancelled “until such time as we pass the desperately needed SAVE America Act.”
Source: Donald Trump
The housing bill, passed by the House on Tuesday, included a provision barring the US Federal Reserve from issuing or creating a CBDC “or any digital asset that is substantially similar” until the end of 2030. However, the legislation also included a carve-out for stablecoins, allowing “dollar-denominated currency that is open, permissionless and private.”
Many had expected Trump to sign the bill, aimed at tackling housing affordability, into law on Wednesday without issues. However, the president said in March that he would “not sign other bills” until the SAVE America Act was passed.
The legislation would require voters to provide proof of US citizenship in person to register.
This is a developing story, and further information will be added as it becomes available.
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