Trump Holds Up Housing Bill, Stalling CBDC Restrictions

The housing bill, which cleared the House with a 358-32 vote and the Senate with 85-5, was intended to tackle affordability and regulatory reform. However, Trump announced on Truth Social that he is withholding his signature until Congress advances the SAVE AMERICA Act, a measure he has labeled a national emergency. Senate Republican leadership currently lacks the 50 votes required to move that reconciliation package forward, effectively creating a procedural bottleneck.

Contained within the stalled housing package is a clause explicitly banning a Federal Reserve-issued digital dollar through 2030, a move consistent with Treasury Secretary Scott Bessent’s assertion that a U.S. CBDC is off the table. While the provision distinguishes between government-backed digital currencies and private stablecoins, its fate remains tied to the broader impasse. Democratic lawmakers have condemned the delay, with Senator Elizabeth Warren accusing the president of prioritizing political leverage over the urgent needs of American households. As negotiations continue, the focus shifts to whether House Speaker Mike Johnson will formally present the bill, potentially forcing a resolution through a presidential veto override or a change in administration tactics.