As Congress prepared to celebrate the president's signing of a housing bill that includes a ban on CBDCs, Trump unexpectedly called off the event.
By Jesse Hamilton|Edited by Cheyenne Ligon Jun 24, 2026, 3:42 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- President Donald Trump has called off a signing ceremony for Congress' bipartisan housing bill, which includes a four-year ban on CBDCs, until an unrelated voting legislation is passed.
- The housing bill's CBDC prohibition was seen as a positive move by critics of digital dollars in the crypto space, but its fate is now uncertain.
- The crypto industry's key focus, the Clarity Act, faces a tight deadline for Senate approval, making any delays particularly challenging.
U.S. President Donald Trump has declined to endorse a bill that features a four-year prohibition on central bank digital currencies (CBDCs) as part of Congress' housing affordability initiative until he secures passage of an unrelated bill requiring proof of citizenship from voters.
Originally, Trump had scheduled a signing event for Wednesday, but he announced on Truth Social that it is now "hereby cancelled until such time as we pass the desperately needed SAVE AMERICA ACT, which I consider to be a National Emergency."
The legislation he references includes contentious federal voting policies mandating proof of citizenship and voter identification, although Republican leaders have reportedly encountered significant resistance regarding support for the bill. Earlier this year, Trump had threatened to block all other legislative actions until the SAVE America Act was passed, yet he had been poised to sign the housing bill addressing U.S. affordability issues until Wednesday morning.
Speaker of the House Mike Johnson told reporters that the housing bill is "stuck in the Senate," indicating it needs to be included in another budget bill. "So that's what we're going to do," he added.
Delaying the existing legislation could be a significant setback for Congress, where both parties have supported the housing initiative, as well as a potential obstacle for anti-CBDC advocates. Although the U.S. is not expected to introduce a CBDC in the near future, the proposed four-year ban has garnered strong backing from the crypto industry, which viewed it as a vital protection until 2030.
Republican lawmakers have expressed concerns that a digital dollar under Federal Reserve oversight could lead to increased surveillance of citizens' financial activities. Trump had previously signed an executive order prohibiting any U.S. advancement towards a CBDC, claiming it would "threaten the stability of the financial system, individual privacy, and the sovereignty of the United States."
If Trump continues to create delays, it could adversely affect the timing of the Digital Asset Market Clarity Act — a primary objective for the crypto sector as the congressional session dwindles. With approximately five weeks remaining before Congress breaks for summer, there is little time left to finalize the necessary adjustments to this legislation and secure a Senate vote. The Clarity Act needs to be enacted by 2026 without further substantial postponements.
Prior to canceling the housing bill signing, Trump had stated on his social media platform that the housing bill holds "minor importance compared to lower interest rates" and other pressing congressional matters, while also criticizing Democratic Senator Elizabeth Warren's involvement.
Once a bill is presented to him, the president has a constitutionally mandated 10-day period to consider it for signature.
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CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
By CoinDesk ResearchJun 15, 2026In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
Why it matters:
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
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