Trump Won't Sign Housing Bill With CBDC Ban—Will It Become Law Tonight Anyway?
Trump said he will not sign the bipartisan 21st Century ROAD to Housing Act, mainly to protest the Senate’s failure to advance the SAVE America Act. But his refusal does not stop the bill from becoming law: if he does not formally veto it before the deadline, it will automatically take effect. If he vetoes it, Congress could override him, and the bill already passed both chambers with veto-proof margins. The housing bill is aimed at increasing construction by reducing regulations and limiting institutional investors’ ability to buy homes. It also includes a provision banning the Federal Reserve from issuing a U.S. central bank digital currency through 2030. That CBDC ban was praised by crypto and privacy advocates, who fear a government digital dollar could expand financial surveillance.
