US CBDC Ban Set to Become Law Without Trump Signature
A major move to stop the creation of a US central bank digital currency will officially take effect this weekend.
coinbeat.newsA bill that effectively bans the Federal Reserve from issuing a digital currency will officially become law this Saturday. Donald Trump confirmed he will not sign the 21st Century ROAD to Housing Act. Because the president chose to withhold his signature, the legislation will move forward automatically without his official backing.
This new law includes a clear provision that puts a hold on any US central bank digital currency until the end of 2030. Supporters of the bill have long argued that a government controlled digital dollar could threaten personal financial privacy. By pushing this measure through, lawmakers are setting firm boundaries for the future of digital payments in the United States.
The market is watching how this impacts federal oversight of digital assets. While this specific bill focuses on the housing sector, the inclusion of the digital currency ban signals a strong shift in how Washington views government monitored tokens. Investors should keep an eye on how regulators adjust their focus now that this deadline is locked in for the next five years.
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