U.S. housing bill signing stalls as Trump withholds approval over CBDC ban dispute

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U.S. housing bill stalls over CBDC

Highlights

Trump delays signing the housing bill, which includes a four-year CBDC ban, until Congress passes the SAVE America Act, causing disruption to both measures.
Without Trump's signature, the housing bill's bipartisan CBDC prohibition remains unenforced, while Speaker Mike Johnson notes the elections bill is stalled in the Senate.
The standoff complicates the Digital Asset Market Clarity Act's passage, with only five weeks until Congress' summer break, putting crypto policy timelines at risk.

Signing delay disrupts housing and digital dollar measures

As first reported by CoinDesk, Trump says he will not sign the housing bill until Congress passes the SAVE America Act, a separate measure that would require proof of citizenship and voter identification. He announces on Truth Social that Wednesday's signing event is cancelled until that legislation reaches his desk.

The housing package includes a four-year prohibition on a U.S. CBDC, a provision backed by critics of a digital dollar in the crypto industry. Because the broader bill remains unsigned, that ban does not yet take effect, despite support for the housing effort from both parties in Congress.

Speaker of the House Mike Johnson says the elections bill is stuck in the Senate and will need to be folded into another budget bill. Trump also says the housing legislation is of minor importance compared with lower interest rates and other congressional priorities, while criticizing the involvement of Senator Elizabeth Warren.

Crypto policy timeline faces added pressure

Republican opponents of a Federal Reserve digital dollar argue that such a system could be used to monitor citizens' finances. Trump already signs an executive order last year barring U.S. moves toward a CBDC, arguing that it would threaten financial stability, individual privacy and U.S. sovereignty.

The latest standoff also complicates prospects for the Digital Asset Market Clarity Act, a key crypto market structure bill still awaiting Senate action. With only about five weeks left before Congress' summer break, any significant delay could narrow the path for the legislation to pass in 2026.

The president has a 10-day constitutional window to decide whether to sign bills after they arrive on his desk. That leaves the housing measure, its CBDC ban and related crypto policy priorities in limbo as lawmakers try to salvage floor time in a shrinking legislative calendar.

In our earlier coverage of Trump canceling the bipartisan housing bill signing, we noted that he pulled the Capitol event at the last minute and made passage contingent on Congress approving the SAVE America Act. We also highlighted how the move shifted attention from housing policy to contentious election-law demands, leaving the timing and path to enactment uncertain.

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