Trump Has 10 Days to Sign Housing Bill With CBDC Ban
A housing bill blocking the Fed from issuing a CBDC until 2030 has been sent to Trump, who has 10 days to act.
House Speaker Mike Johnson formally transmitted a housing bill to President Donald Trump on Monday, triggering a 10-day constitutional clock for Trump to sign or veto the legislation. Tucked inside the bill is a significant provision that would prohibit the US Federal Reserve from issuing or creating a central bank digital currency until at least 2030.
The inclusion of a CBDC ban in a housing-focused bill reflects the growing legislative push by Republican lawmakers to restrict the federal government's ability to develop a digital dollar. Critics of a US CBDC have long argued that such a currency could give the government unprecedented surveillance power over Americans' financial transactions.
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The pairing of housing policy with a digital currency restriction is notable, as it signals that CBDC opposition has enough political momentum to be attached to must-pass or high-priority legislation. If Trump signs the bill, the Fed would face a statutory barrier to CBDC development for roughly five years, reshaping the trajectory of US digital currency policy at a critical moment globally.
Trump has previously expressed skepticism toward a government-controlled digital currency, suggesting he may be receptive to the provision. However, the broader housing components of the bill could also factor into his decision. The White House has not publicly stated a position on this specific legislation.
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