US President Donald Trump faces a short window to make a decision after House Speaker Mike Johnson sent the 21st Century Housing Act to the White House on Monday.
summary
- Trump now faces a 10-day window in which the central bank digital currencies (CBDC) ban under the housing bill moves toward law.
- The bill prevents the US Federal Reserve from creating a central bank digital currency or similar assets until 2030.
- Trump’s push to save America delayed a housing measure that passed with bipartisan support last week.
Reuters I mentioned That Trump did not commit to signing the bipartisan housing bill called it a “big yawn” as he pressured Republicans to move forward with the Save America Act.
The hour is important because the US Constitution gives the president ten days, excluding Sundays, to sign the bill or return it after it is introduced. If Congress remains in session and the President takes no action, the bill becomes law as if it had been signed.
The ban on central bank digital currencies (CBDC) falls within the housing scale
The Pathway to 21st Century Housing Act focuses primarily on housing affordability. The package seeks to expand housing supply, support manufactured housing, speed up some reviews, and place new restrictions on large investors buying single-family homes.
The same bill also includes a non-housing provision targeting the Fed. The final package prohibits the Fed from creating a central bank digital currency until 2030. The language covers a central bank digital currency and any assets that are substantially similar to that currency.
The CBDC paragraph contains Move Through Congress alongside broader digital asset discussions. The housing bill passed in the Senate by a vote of 85-5, and in the House by a vote of 358-32, giving the package strong bipartisan support before it reached Trump.
The Save America Act leads the confrontation
Trump linked the housing bill to the Save America Act, a voting measure that requires proof of US citizenship to register voters. he Canceled Signing ceremony planned for last week He said Republicans should focus on the election bill before other measures.
That stance has frustrated some Republicans who want to campaign on housing affordability before the midterm elections in November. Senator Bill Cassidy said it was “irresponsible” to delay signing the housing bill because of the Savings Act, and said alleviating high housing costs must start quickly.
Trump also questioned parts of the housing package because Democrats supported it. He said the bill has bipartisan support, and added that Democrats are getting provisions he wouldn’t necessarily accept, according to reports.
Crypto policy faces a narrow window in July
The housing battle comes as the Senate calendar also impacts cryptocurrency legislation. As reported by crypto.news, Senate It has been postponed Until July 13, leaving lawmakers less time to move the CLARITY Act before the August recess.
The CLARITY Act remains central to cryptocurrency market structure conversations. As reported by crypto.news, it has been approved in the House, passed the Senate Banking Committee, and has reached the Senate calendar, but still needs action.
The same discussion also touches on the issue of central bank digital currencies (CBDC). like I mentioned By crypto.news The CLARITY Act includes anti-CBD language that would prevent the Federal Reserve from issuing a retail digital dollar without clear approval from Congress.
