Trump cancels signing of housing bill containing CBDC ban

President Donald Trump on June 24 canceled a planned signing ceremony for the 21st Century Housing Act just hours before it was scheduled to take place at the U.S. Capitol, Decrypt reported. The bill includes a provision that would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC). As Trump has previously pledged to oppose a CBDC, the signing was widely expected to proceed. However, the president announced he would not sign the housing bill unless Congress first passes the SAVE America Act, a Republican-backed bill aimed at preventing non-citizens from voting.