Trump Has 10 Days to Decide on Housing Bill Containing CBDC Ban
House Speaker Mike Johnson sent President Donald Trump a housing bill that would bar the Federal Reserve from issuing or creating a US central bank digital currency until 2030. Trump has 10 days to decide on the legislation.
What happened?
House Speaker Mike Johnson sent President Donald Trump a housing bill that would bar the Federal Reserve from issuing or creating a US central bank digital currency until 2030. Trump has 10 days to decide on the legislation.
Why it matters
The provision matters to the crypto ecosystem because it would place a temporary statutory restriction on the US central bank’s ability to develop a CBDC. Its inclusion also connects digital-asset policy to a broader housing measure.
House Speaker Mike Johnson transmitted a housing bill to President Donald Trump on Monday that includes a provision barring the Federal Reserve from issuing or creating a central bank digital currency until 2030. Trump now has 10 days to decide on the legislation.
The provision matters to the crypto ecosystem because it would place a temporary statutory restriction on the US central bank’s ability to develop a CBDC. Its inclusion also connects digital-asset policy to a broader housing measure.
A CBDC would be a digital form of central bank money issued by the Federal Reserve. Under the bill’s provision, the central bank could not issue or create such a currency before 2030.
The bill’s transmission puts the decision before Trump after congressional action. The immediate question is whether the housing legislation, including its CBDC restriction, will receive presidential approval.