Donald Trump has 10 days to decide on housing bill with CBDC ban
President Donald Trump has roughly 10 days to sign, veto, or allow a bipartisan housing bill to become law — a package that would bar the Federal Reserve from issuing a central bank digital currency (CBDC) until 2030. House Speaker Mike Johnson transmitted the legislation to the White House on Monday. Donald Trump has days under the Constitution, excluding Sundays, to act while he withholds his signature to pressure Congress on a separate voter-identification measure.
Key Takeaways
- Speaker Mike Johnson sent the 21st Century ROAD to Housing Act to Trump on Monday, triggering a 10-day decision window under the Constitution.
- The bill includes language blocking the Fed from creating a CBDC or similar digital asset until the end of 2030.
- Trump canceled a planned signing ceremony and said Republicans should prioritize the SAVE America Act instead.
- Senate leaders are separately pushing to pass the CLARITY Act crypto market-structure bill before August recess.
- Bitcoin options data shows rising bearish hedging and ETF outflows despite calmer oil markets.
What triggered Donald Trump's 10-day deadline?
House Speaker Mike Johnson formally transmitted the 21st Century ROAD to Housing Act to President Donald Trump on Monday, according to Cointelegraph. That delivery starts the constitutional countdown before the bill can automatically become law if Trump takes no action.
The housing legislation passed the House of Representatives last week with bipartisan backing. Lawmakers from both parties had pointed to the measure as progress on affordability, and Democrat-led sponsorship from Senator Elizabeth Warren included the CBDC prohibition to attract Republican and White House support.
What does the CBDC ban in the housing bill actually do?
The provision would bar the U.S. Federal Reserve from issuing or creating a CBDC, or any digital asset that is substantially similar, until Dec. 31, 2030. For crypto and privacy advocates, embedding that restriction inside a major housing package was a rare legislative win on digital-dollar policy.
Trump had previously signaled openness to anti-CBDC language even as he called the broader housing effort a yawn and sarcastically dismissed the situation as a big deal. The canceled Capitol signing ceremony paused what had looked like imminent enactment of the ban.
Why did Trump block the signing ceremony?
Trump canceled Wednesday's planned housing bill signing and said congressional Republicans should focus on passing the SAVE America Act, which would require voters to provide proof of U.S. citizenship in person to register. He framed that elections bill as a national emergency, while treating the housing measure as lower priority.
The maneuver leaves the CBDC ban in limbo alongside housing provisions that had drawn cross-party praise. Until Trump signs, vetoes, or lets the bill lapse into law, the Fed faces no new statutory restraint on digital-dollar work.
What else is moving in Congress on crypto this summer?
Parallel to the housing fight, Senate Republican leaders including banking committee chair Tim Scott and majority leader John Thune said they want the Digital Asset Market Clarity (CLARITY) Act passed in July, per Cointelegraph. Lawmakers are on state work periods until July 13, leaving about four weeks before another August break and election-season delays.
The House passed CLARITY in July 2025, but the Senate version still needs a 60-vote threshold and has faced ethics disputes tied to the Trump family's crypto ties. Failure to move before August could push comprehensive market-structure rules into 2027. Follow ongoing coverage in our Fintech & Crypto Alerts section.
Why are Bitcoin traders watching policy headlines now?
Market sentiment is already fragile. The Bitcoin put-call ratio hit a one-year high as demand for downside put options climbed alongside persistent spot ETF outflows, even with lower oil prices, Cointelegraph markets data shows. Some derivatives positioning points to hedging around a possible retest of $55,000.
Washington delays on both the CBDC ban and CLARITY Act add regulatory uncertainty atop that technical weakness. Traders are weighing whether stalled legislation deepens caution or whether an automatic housing-bill enactment could still deliver the CBDC prohibition without Trump's pen.