Trump Has 10 Days to Sign Housing Bill With CBDC Ban
A housing bill blocking the Fed from issuing a CBDC until 2030 now sits on Trump's desk after House Speaker Mike Johnson transmitted it Monday.
President Donald Trump faces a 10-day deadline to act on a housing bill that carries a significant digital currency provision, after House Speaker Mike Johnson formally transmitted the legislation to the White House on Monday. Embedded in the bill is a clause that would bar the Federal Reserve from issuing or creating a central bank digital currency until at least 2030, marking one of the most direct legislative challenges yet to a potential US CBDC.
The move puts Trump in a politically charged position. During his 2024 campaign, Trump repeatedly voiced opposition to a government-issued digital dollar, framing CBDCs as instruments of financial surveillance. Signing the bill would codify that stance into law — at least temporarily — while also advancing housing policy priorities backed by congressional Republicans.
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The CBDC ban provision reflects a broader skepticism in GOP circles toward central bank digital currencies, which critics argue could give the federal government unprecedented visibility into Americans' financial transactions. Supporters of a CBDC, by contrast, contend it could modernize the payments system and extend financial access to unbanked populations.
If Trump neither signs nor vetoes the bill within the 10-day constitutional window — excluding Sundays — it automatically becomes law while Congress remains in session. Should Congress adjourn during that period, the result would be a pocket veto, killing the legislation without a formal rejection. The clock is now running, and financial markets and crypto advocates alike are watching closely for any signal from the administration.
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