A U.S. housing bill that includes a provision banning the Federal Reserve from issuing a central bank digital currency (CBDC) through the end of 2030 will become law without President Donald Trump’s signature. Cointelegraph reported on Thursday that the bill will take effect automatically after the constitutional deadline passed, after Trump said he would neither sign it nor veto it.
The bill is titled the "ROAD Act for Housing in the 21st Century". It passed the House and Senate in June with support from both Democrats and Republicans.
The bill includes a provision barring the Federal Reserve from issuing or creating a CBDC or a digital asset that is substantially similar until Dec. 31, 2030.
Under the U.S. Constitution, a president may hold a bill for up to 10 days excluding Sundays. If there is no signature or veto within that period, the bill automatically becomes law. Trump canceled a signing ceremony scheduled for June 24 and confirmed on social media on Thursday that he would not sign the bill.
Chi-gyu Hwang
delight@d-today.co.kr