Trump Has 10 Days to Sign Housing Bill With CBDC Ban
A housing bill blocking the Fed from issuing a digital dollar until 2030 is now on Trump's desk, giving him 10 days to act.
The clock is officially ticking. House Speaker Mike Johnson sent a housing bill to President Donald Trump on Monday, and tucked inside that legislation is a provision that would prevent the Federal Reserve from issuing or creating a central bank digital currency — what the wonks call a CBDC — until 2030. Trump now has 10 days to make a call.
So what exactly is a CBDC? Think of it as a digital version of the US dollar issued directly by the government, rather than through private banks. Supporters argue it could modernize payments and expand financial access, but critics — and there are many in Washington right now — worry it gives the federal government way too much visibility into how you spend your money.
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The anti-CBDC language riding along in this housing bill is a notable policy move. Rather than traveling as standalone legislation, the digital dollar ban is essentially hitching a ride on a must-pass housing measure, which makes it harder to strip out without derailing the broader bill. That's a classic legislative maneuver, and it appears to have worked its way all the way to the Oval Office.
Trump has previously expressed skepticism toward CBDCs, so signing the bill would align with his stated positions on the issue. If he does sign, the Fed would be effectively frozen out of the digital currency space for several years — a significant constraint on a major financial institution. If he vetoes or lets the deadline lapse without signing, the provision dies along with it. Either way, the next 10 days matter quite a bit for the future of digital money in America.
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