Trump Cancels Signing of Housing Bill with CBDC Ban, Calls It 'Minor Importance'

On June 24, 2026, President Donald Trump called off a signing ceremony for the 21st Century ROAD to Housing Act, which aimed to ban the U.S. government from issuing a central bank digital currency (CBDC) until 2031. The bill had strong bipartisan support, having passed the Senate by a vote of 85-5 and the House with a 358-32 vote, and intends to reduce restrictions on housing development across the country while preventing major financial institutions from acquiring a significant portion of the housing market.

Trump labeled the legislation as “of minor importance,” and indicated he would not proceed with the signing until Congress approved another measure he favors, the SAVE America Act. The latter bill aims to limit voting rights and is viewed as unlikely to pass, according to Republican leaders. The cancellation is significant because it delays the implementation of a provision that would prevent the Federal Reserve from establishing a digital currency, a measure supported by crypto advocates concerned about governmental overreach into private transactions.

The ban on digital dollars aligns with the resistance among U.S. conservatives towards a potential American CBDC, which they argue poses a risk to citizen privacy. Other nations, like those in the European Union, have moved forward with their own CBDC initiatives. In this context, the housing bill represented a notable compromise between competing interests, making its abrupt cancellation a noteworthy development.

Looking ahead, the political landscape remains uncertain as the focus shifts to both the fate of the SAVE America Act and the broader discussions around digital currencies in the U.S. market.