Despite President Donald Trump's refusal to endorse the bipartisan housing bill, it is set to become law at midnight, along with its temporary ban on CBDCs.
By Jesse Hamilton|Edited by Nikhilesh De Jul 10, 2026, 4:02 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on President Donald Trump's opposition to the housing bill does not prevent its CBDC ban from being enacted. (Jesse Hamilton/CoinDesk)SummaryShow- The U.S. housing-affordability bill will officially become law by midnight, bringing with it a provision that enacts a four-year prohibition on a U.S. central bank digital currency.
- This restriction will prevent the Federal Reserve from creating a digital dollar that could rival private stablecoins, though the central bank had no plans to pursue this.
The ongoing tension between the crypto sector and the concept of a U.S. central bank digital currency (CBDC) has culminated in a prohibition set to take effect with the housing bill soon to become law.
For the next four years, the Federal Reserve will not have the authority to introduce its own digital dollar, a move that has been criticized by Republican lawmakers as a potential source of excessive government surveillance. Nonetheless, there has been no serious initiative in the U.S. to establish such a currency. This prohibition is included in the bipartisan housing-affordability legislation that President Donald Trump declined to sign.
In a post on his Truth Social platform, the president stated, "I will not sign the Housing Bill, which has been fully approved by Congress and sent to the White House, in PROTEST over the fact that the United States Senate is not capable of passing THE SAVE AMERICA ACT."
According to the U.S. Constitution, a bill approved by Congress becomes law after a 10-day period regardless of the president's signature. Trump has not issued a formal veto, so the bill is set to take effect at midnight.
The CBDC prohibition will remain in effect until the end of 2030, although it is unlikely that a Fed digital currency would have been realized by then. Previous leadership at the central bank had indicated that any such initiative would require backing from the White House and congressional approval, and there has not been significant support for a CBDC in Congress.
However, the concept has faced strong opposition from the crypto community due to its potential to compete with privately issued stablecoins. Other regions, notably Europe and China, have actively pursued their own CBDCs, making the issue a political target for U.S. politicians. This led to the inclusion of the CBDC ban in the housing legislation, after previous attempts to attach it to various bills, including the Foreign Intelligence Surveillance Act.
Despite the overall popularity of the housing bill, Trump unexpectedly took a last-minute stand against signing it, having initially planned a signing ceremony. He asserted that he would not sign anything until lawmakers passed a bill requiring proof of citizenship and identity checks for voters—an initiative that lacks sufficient backing to advance in Congress.
The president believes that without such a law, Republicans risk losing the midterm elections, where Democrats are currently predicted to regain control of the House of Representatives.
Trump's stance on congressional actions diverging from his priorities raises concerns about whether a forthcoming Digital Asset Market Clarity Act could encounter similar challenges if Congress manages to pass it this summer.
Read More: Trump's refusal to sign housing bill could delay Congress and imperil Clarity Act
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Digital Assets: Quarterly Review and Outlook Q2
Digital Assets: Quarterly Review and Outlook Q2
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
By CoinDesk Research8 hours agoDigital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Why it matters:
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
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