U.S. housing bill includes CBDC ban preventing Federal Reserve from developing a digital dollar until 2031, likely to become law without Trump's veto.
Regulation & Gov ·
A bipartisan housing bill containing a ban on Federal Reserve development of a central bank digital currency through 2030 will automatically become law without President Trump's signature, provided he does not formally veto it by the end of Friday. Trump announced he would not sign the 21st Century ROAD to Housing Act, framing the decision as protest over Congress's failure to advance voting restrictions legislation. The White House has not confirmed whether a veto will be issued before the deadline.
Under the Constitution, legislation becomes law after ten days without presidential signature if Congress remains in session. The housing bill previously passed with veto-proof margins—85-5 in the Senate and 358-32 in the House—meaning a Trump veto could be overridden if lawmakers acted again. The measure primarily targets housing construction through regulatory cuts and limits on institutional investor purchases of residential property; the CBDC prohibition was added earlier this year.
The central bank digital currency restriction reflects concerns raised by crypto and privacy advocates that a government-issued digital dollar could enable financial surveillance. The Federal Reserve has stated it would not issue a CBDC without congressional authorization and continues to research the technology. Whether Trump will exercise his veto power before the deadline remains unconfirmed.