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Trump Refuses Housing Bill, Holds CBDC Ban Hostage to Voter ID
Trump cancelled a housing bill with a four-year CBDC ban, demanding the SAVE voter ID act. The move threatens crypto market structure legislation with only five weeks left in the Senate session.
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President Donald Trump cancelled a Wednesday signing ceremony for a housing affordability bill. The bill includes a four-year ban on U.S. central bank digital currencies. Trump said on Truth Social he will not sign until Congress passes the SAVE America Act, a voter ID and citizenship proof requirement stuck in the Senate.
The housing bill had broad bipartisan support. The CBDC prohibition was a key crypto industry objective. Industry lobbyists argued a Fed-issued digital dollar would threaten private stablecoins and privacy. Trump signed an executive order last year banning executive branch work on a CBDC. The legislation would extend that ban through 2030 and bind the Federal Reserve.
Speaker of the House Mike Johnson told reporters the SAVE Act needs to be attached to a budget bill. That is the plan.
A more immediate risk centers on the Digital Asset Market Clarity Act. The crypto industry's main legislative goal needs Senate floor time before the summer break. The calendar shows roughly five weeks remaining. Any delay that shrinks that window reduces the probability of a 2026 enactment, several lobbyists said.