Trump Won't Sign Housing Bill With CBDC Ban—Will It Become Law Tonight Anyway?
Decrypt·
60-second summary
President Trump is refusing to sign a housing bill containing a provision that bans the Federal Reserve from developing a central bank digital currency (CBDC) until 2031. Unless he vetoes the bill, it will become law at midnight, effectively delaying the development of a US CBDC for at least seven years, impacting the future of digital payments and monetary policy.
Unless President Trump vetoes the bill, it will become law at midnight, banning the Federal Reserve from developing a CBDC until 2031.