TLDR
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Trump delays signing housing bill, suspending ban on central bank digital currencies.
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The bill would prevent a digital dollar from being issued by the Federal Reserve until 2030.
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Trump wants Congress to advance the Save America First Act.
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The stablecoin carve-out remains protected within the housing package.
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Cryptocurrency market structure talks face additional pressure in the Senate.
President Donald Trump has delayed the federal ban on central bank digital currencies (CBDCs) after canceling Wednesday’s scheduled signing of a major bipartisan housing bill. The legislation would prevent the Federal Reserve from issuing a central bank digital currency until 2030. However, Trump tied his approval to Congress’s action on holding a separate vote.
Trump links housing bill to voting legislation
Trump Announce Cancellation through Truth Social shortly before the scheduled signing ceremony at the White House. He said Congress must first approve the Save America Act, which changes federal voter registration requirements. The decision to develop a housing package CBD Limiting immediate legislative uncertainty.
The SAVE America Act would require applicants to prove U.S. citizenship when registering for federal elections. Supporters describe the measure as an election security reform, but opponents say it could restrict eligible voters. Trump pushed Republican senators to prioritize the measure despite his limited Democratic support.
The House of Representatives approved the housing legislation by a vote of 358 to 32, after the Senate approved it by a vote of 85 to five. Therefore, the bill reached the White House with overwhelming support from both major parties. Trump is still postponing the ceremony despite the support of senior lawmakers in Congress.
CBDC restrictions remain within the housing package
The Pathway to 21st Century Housing Act primarily targets housing supply, affordability, lending rules, and construction barriers. However, lawmakers added language prohibiting the Fed from creating or issuing retail trades CBD. The restriction will remain in effect until December 31, 2030.
This provision also covers digital assets that closely resemble a central bank digital currency. However, it excludes private dollar-based assets that operate through open, private, and permissionless systems. This exemption protects eligible stablecoins from proposed federal restrictions.
Trump has previously directed federal agencies against creating, issuing, or promoting a U.S. central bank digital currency without legal authorization. The Federal Reserve has conducted research into digital currency options, but has not launched a digital dollar. Therefore, the Congressional provision would reinforce the current administration’s policy through federal law.
The delay increases pressure on cryptocurrency legislation
Trump could still sign the housing package after lawmakers advance his preferred voting legislation. He could also allow the measure to become law without his signature under constitutional procedures. However, the official presentation and Congressional timeline will determine the available timeline.
The delay may also raise questions about the pending Digital Asset Market Clarity Act. This bill would define regulatory roles for digital assets and divide oversight among major federal agencies. Trump has previously supported legislation creating a permanent market structure for the cryptocurrency sector.
the The law of clarity It still faces debate in the Senate, possible amendments, and a floor vote. At the same time, lawmakers continue to negotiate the ethical provisions associated with political participation in the digital asset business. The housing dispute now adds another political demand to the Senate’s already crowded agenda.
Trump has not directly threatened to veto the market structure bill or any other pending cryptocurrency legislation. However, his refusal to prioritize unrelated bills could slow down Congress’ work in many policy areas. Thus, the ban on central bank digital currencies remains linked to broader disputes over housing, elections, and regulation of digital assets.
