Trump Declines to Sign Housing Bill With CBDC Provision, Automatic Law Imminent
President Donald Trump announced he will not sign a bipartisan housing bill that includes a ban on central bank digital currency (CBDC) issuance. The legislation will automatically become law at midnight unless Trump vetoes it, according to a report by Decrypt.
On July 10, 2026, President Donald Trump stated he will not sign the bipartisan 21st Century ROAD to Housing Act, which includes a provision banning the Federal Reserve from establishing a central bank digital currency (CBDC) until 2031. Unless Trump issues an active veto before midnight, the bill will become law automatically.
Trump criticized the bill on his platform Truth Social, referring to his decision not to sign it as a "protest" against the Senate's failure to pass the SAVE America Act, a controversial voting rights bill. According to the Constitution, legislation passed by Congress becomes law if the president does not sign it within 10 days, provided Congress is still in session.
The White House did not confirm whether Trump plans to veto the bill before the deadline, leaving uncertainty regarding his next steps. A spokesperson redirected inquiries to Trump's social media post. If he does decide to veto it, the bill would return to Congress, where lawmakers would need a two-thirds majority in both the House and Senate to pass it again.
The housing bill aims to increase U.S. housing development by reducing regulations and includes a restriction on institutional investors' ability to purchase single-family homes. The CBDC ban was viewed positively by advocates who argue that a government-issued digital currency could lead to increased surveillance over financial transactions, raising privacy concerns among crypto enthusiasts.
As the deadline approaches, the implications of the bill becoming law remain significant for future discussions around CBDCs in the United States. Lawmakers had previously advanced the bill with strong support, as demonstrated by its passage in the Senate (85-5) and the House (358-32).
Summary based on original reporting by Sander Lutz at Decrypt, originally published Jul 10, 2026. SolanaWire does not republish source content.
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