Trump Vetoes Housing Bill With CBDC Ban, Demands Congress Pass Election Law First

According to CoinDesk, President Trump today refused to sign a bipartisan housing bill containing a four-year U.S. central bank digital currency (CBDC) ban and canceled the scheduled signing ceremony. Trump demanded Congress first pass his SAVE AMERICA ACT election law as a condition for proceeding.

The housing bill's CBDC provision would prohibit the Federal Reserve from issuing a digital dollar before the end of 2030. Crypto industry participants had previously viewed the ban as a significant policy win.

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