Trump Delays Signing of Bipartisan Housing Bill Banning CBDC Until 2030

U.S. President Donald Trump has postponed the signing of the bipartisan housing bill that bans CBDCs until 2030. The president’s move has already drawn criticism from Democrats, including anti-crypto Senator Elizabeth Warren.

President Trump Postpones Signing Of Housing Bill

In a Truth Social post, the president announced that he has canceled the signing of the 21st Century ROAD to Housing Act, which Congress passed earlier this week. He said the signing is delayed until Congress passes the “desperately needed” SAVE AMERICA ACT, which he considers a national emergency.

It is worth noting that the housing bill includes a provision prohibiting the Federal Reserve from creating and issuing Central Bank Digital Currencies (CBDCs) until 2031. The bill notably passed with an overwhelming bipartisan support in both chambers.

The Senate passed the 21st Century ROAD to Housing Act by an 85 to 5 vote, while the Representatives approved the legislation by a 358 to 32 vote. Meanwhile, this development comes as the Senate also tries to advance the CLARITY Act before the July 4 recess.

With Trump’s move to delay the signing of the housing bill, the bill could go into law after ten days if President Trump decides not to take any action. If he vetoes it, Congress can get the votes to override the veto. However, Speaker Mike Johnson has to present the bill to the president for this legislative procedure to be in focus.

According to Punchbowl News, Speaker Johnson said that President Trump wants to see progress on the reconciliation bill, which will include the SAVE America Act, before signing the housing bill. However, Senate Republican leaders said that they do not have the 50 votes to pass the SAVE America Act.

Democrats Criticize Trump’s Move

Democrats have criticized President Trump’s decision to delay the signing of the housing bill. Anti-crypto Elizabeth Warren said that the president’s move doesn’t make sense and that he doesn’t care about reducing housing costs for Americans.

“But at the 11th hour, Donald Trump is refusing to sign it into law. His policies have made your costs go up — and he doesn’t care,” she said. Senator Andy Kim said that the president was holding the bill hostage because he doesn’t care about Americans.

It is worth noting that the president is also at the center of the CLARITY Act, with Democrats pushing for an ethics provision in the crypto bill because of his involvement in crypto. As CoinGape reported, White House crypto advisor Patrick Witt is currently involved in negotiations on the CLARITY Act ethics provision.

Meanwhile, the back-and-forth between President Trump and Congress over the housing bill threatens passage of the CLARITY Act. The Senate is already facing a tight schedule, although Senator Cynthia Lummis has indicated they could release the crypto bill’s final text around the July 4 recess.