Trump Won’t Sign Housing Bill With Central Bank Digital Currency Ban – Will It Become Law Tonight Anyway?

President Donald Trump said Thursday he will not sign a bipartisan housing bill that includes a multi-year ban on the issuance of U.S. central bank digital currency, or CBDC.

However, unless the president vetoes the legislation before midnight tonight, it will automatically become law.

Trump: I will not sign the housing bill books on Truth Social, calling his move a “protest” against the Senate’s failure to pass the Save America Act, a controversial bill restricting voting rights that he has championed for months. The Republican leadership in Congress has repeatedly stressed that the chance of passing the bill is slim or non-existent.

But Trump to reject To sign on The Path to 21st Century Housing Act won’t kill the bill. Under the Constitution, a bill passed by Congress automatically becomes law after 10 days without the president’s signature, provided Congress remains in session. This deadline expires at the end of Friday.

Accessed by DecryptionA White House spokesperson declined to say whether Trump intends to veto the legislation before then, directing the investigation to the President’s Social Truth website.

If Trump formally issues his veto before midnight tonight, the bill will return to Congress. There, lawmakers will need to pass the bill again with a two-thirds majority in both the House and Senate. The legislation previously won approval in both chambers by veto-proof margins, passing the Senate by 85-5 and the House of Representatives by 358-32.

The Pathway to 21st Century Housing Act aims primarily to boost housing construction in the United States by reducing regulation. It also limits the ability of institutional investors to purchase residential housing. Earlier this year, lawmakers also added a provision to the bill prohibiting the Federal Reserve from issuing a central bank digital currency until the end of 2030.

The language of central bank digital currency (CBDC) has been welcomed by cryptocurrency and privacy advocates, who have argued that a government-issued digital dollar could enable federal surveillance of Americans’ financial transactions. While the Federal Reserve has continued to research the technology, it has repeatedly said it will not issue central bank digital currencies without permission from Congress.