What to know:
- Trump delays housing bill, leaving CBDC ban and federal digital dollar policy uncertain.
- CBDC ban could give crypto firms clearer rules on Fed digital dollar competition risks.
- CLARITY Act talks face more pressure as housing and crypto disputes overlap in Congress.
President Donald Trump has delayed a bipartisan housing bill, leaving a CBDC ban unresolved. The provision would block a Federal Reserve-issued digital dollar through 2030 and keep crypto policy uncertain.
Trump said in a June 24 Truth Social post that he would not sign the 21st Century ROAD to Housing Act yet. He said Congress should first advance the SAVE AMERICA Act, which he called a national emergency.
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CBDC Ban Keeps Digital Dollar Debate Open
The housing bill passed Congress with strong support from both parties. It cleared the House by 358-32 after the Senate approved it by an 85-5 vote.
The bill is mainly focused on housing affordability, homeownership access, housing supply, and regulatory reform. However, the CBDC ban has become a major issue for crypto policy.
A CBDC ban will effectively prevent the Fed from issuing its digital currency until 2030. This provision stays pending since Trump has not yet signed the wider housing bill.
For crypto firms, the delay keeps the digital dollar debate open. If signed, the CBDC ban could give digital asset companies more clarity on possible competition from a Fed-backed currency before 2030.
Moreover, the CBDC ban reflects Trump’s earlier position on the CBDC in the United States. In January 2025, Trump signed an executive order banning the federal government from creating, issuing, and supporting the CBDC unless required by law.
The Treasury Secretary Scott Bessent called the CBDC “off the table.” He also urged lawmakers to move forward with digital asset rules, including the CLARITY Act.
According to Punchbowl News, Speaker Mike Johnson said Trump wants progress on the reconciliation bill before signing the housing bill. That package is expected to include the SAVE AMERICA Act.
Democrats Criticize Trump as CLARITY Act Talks Continue
Senate Republican members claim they lack the 50 votes required for the passage of the SAVE AMERICA Act. Therefore, both bills, including the housing bill and the ban on CBDC, are involved in a larger legislative dispute.
Democrats criticized Trump’s action, noting that such an approach can delay the process of addressing the issues related to housing prices. Senator Elizabeth Warren noted that Trump refused to sign the bill, which is designed to facilitate the reduction of Americans’ expenses.
Senator Andy Kim criticized this step, accusing Trump of holding this measure hostage while families continue experiencing housing pressures.
Currently, such a situation puts additional pressure on the process of discussion of crypto in Congress. Democrats want to include ethical clauses in the CLARITY Act due to the involvement of Trump in crypto initiatives.
White House crypto adviser Patrick Witt has joined talks over those clauses. Senator Cynthia Lummis said the final version of the CLARITY Act could arrive around the July 4 recess.
As for the crypto industry, the CBDC ban still depends on the future of the housing bill. While Trump does not sign it, the CBDC ban is not completed yet, and the discussion of the federal digital dollar debate remains active.
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