US CBDC ban becomes law without presidential signature

A provision prohibiting the U.S. Federal Reserve from issuing a central bank digital currency (CBDC) has automatically become law without President Donald Trump's signature, The Block reported. The ban is part of the broader ROAD to Housing Act. According to the report, the bill took effect under a U.S. constitutional rule that allows legislation passed by Congress to become law if the president neither signs nor vetoes it within 10 days. President Trump had previously stated he would not sign the housing bill unless the SAVE America Act, a separate bill restricting non-citizen voting, was passed first. The ROAD to Housing Act is a bipartisan measure designed to ease housing costs by increasing supply and financial support. For the cryptocurrency industry, its key component is the clause that explicitly forbids the Fed from issuing a CBDC.