Trump withholds signature on housing act as CBDC ban nears law

The housing bill, which passed Congress last month, contains a critical provision prohibiting the Federal Reserve from issuing a central bank digital currency until 2031. Trump’s refusal to sign the document serves as a protest against the Senate, which has yet to advance his preferred election integrity legislation. The Save America Act, a priority for the president, would mandate photo identification for voters in federal elections.

White House officials confirmed that while Trump is withholding his signature, he has no intention of exercising a veto. Under the constitutional review process, the bill will take effect automatically while Congress remains in session. This outcome preserves the legislative ban on a U.S. CBDC, reinforcing the administration’s existing executive order that restricted federal agencies from pursuing such digital assets.

Senator Elizabeth Warren criticized the move on social media, accusing the president of prioritizing political leverage over housing affordability. The impasse unfolds as Washington grapples with broader digital asset debates, including the pending CLARITY Act and ongoing scrutiny of the administration's cryptocurrency policy. The housing package, meanwhile, remains on track to be enacted without the president’s direct endorsement.