00:00
Money for You
Money for You
USD/RUB
EUR/RUB
Cryptocurrency

Trump Faces 10-Day Deadline on Housing Bill Containing CBDC Ban

President Donald Trump has entered a 10-day constitutional window to sign or veto the 21st Century ROAD to Housing Act, a bipartisan package that includes a restrictive provision prohibiting the Federal Reserve from developing a central bank digital currency or similar assets through 2030.

Trump Faces 10-Day Deadline on Housing Bill Containing CBDC Ban

The legislation reached the White House on Monday after passing both chambers with significant majorities, including an 85-5 vote in the Senate and 358-32 in the House. Despite this broad consensus, Trump has publicly dismissed the measure as a "big yawn," signaling his preference to prioritize the SAVE America Act—a separate voting measure requiring proof of citizenship for registration.

This delay has created friction within the Republican party. Senator Bill Cassidy publicly rebuked the stalling, labeling the postponement of housing relief as irresponsible ahead of the midterms. Trump’s hesitation appears rooted in his skepticism toward legislation supported by Democrats, as he reportedly views the current bill as containing concessions he is unwilling to accept. If the President takes no action within the 10-day period, excluding Sundays, the bill will automatically become law.

Share

Comments (0)

Leave a comment

No comments yet. Be the first!