Headline: Trump Holds Off Signing Major Housing Bill — But CBDC Ban Headed Toward Law
President Trump has declined to sign the 21st Century ROAD to Housing Act, citing the Senate’s failure to advance the Save America Act — a separate GOP-backed voter ID measure he’s repeatedly demanded. He made the announcement on Truth Social, saying he will withhold his signature until that voting bill moves forward.
Why this matters for crypto: the housing bill includes a high-profile provision that would bar the Federal Reserve from issuing a U.S. central bank digital currency (CBDC) until 2031. That clause cements Congress’s current reluctance to authorize a Fed-issued digital dollar and extends the administration’s prior stance after Trump signed an executive order directing federal agencies not to take steps toward creating a CBDC.
What happens next: Although Trump refused to sign, he has not issued a formal veto. Because Congress is still in session, the measure will become law automatically once the presidential review period expires — unlike a pocket veto, which can permanently block legislation if Congress adjourns. A White House official confirmed the president does not intend to veto the bill.
Political fallout: Trump said the Save America Act is “desperately needed” and argued he won’t endorse unrelated legislation until the Senate acts. Democrats pushed back: Sen. Elizabeth Warren criticized Trump’s refusal to sign, saying it stalled the biggest housing bill in decades and accused him of neglecting housing affordability — while noting the bill will become law despite his inaction.
Larger crypto context: The CBDC restriction is only one piece of a busy legislative landscape for digital assets. Lawmakers continue debating crypto rules on Capitol Hill — including the CLARITY Act, which aims to create a regulatory framework for cryptocurrencies — and some Democrats have called for hearings into Trump’s own cryptocurrency holdings. Taken together, the developments mean the CBDC ban is likely to become law even as broader crypto policy and oversight debates remain unsettled.
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