Trump refuses to sign law with U.S. CBDC ban, demands approval of elections bill
As Congress prepared to celebrate the president’s signing of the bipartisan housing bill that contains a CBDC prohibition, Trump abruptly cancelled the event.
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Summary
- President Donald Trump has cancelled a celebratory signing of Congress’ bipartisan housing bill, which also pauses the legislation’s CBDC ban and also could have implications for the crypto Clarity Act.
- The housing legislation had included a four-year ban on a Federal Reserve CBDC, which was a welcome development for digital-dollar critics in the crypto industry, but it’ll have to wait for the rest of the package to get signed into law.
- The industry’s primary focus in Washington, the Clarity Act, likely has only a handful of weeks left to get approval by the Senate, so any major delay could be a difficult obstacle.
