Multiple outlets report that President Donald Trump says he will not sign the “21st Century ROAD to Housing Act,” legislation that includes a ban on U.S. central bank digital currency (CBDC) development. Decrypt and Cointelegraph both state that the bill is set to proceed without Trump’s signature, with legal effect expected at midnight (Saturday) unless he vetoes it.
The reported CBDC provision would restrict the Federal Reserve from developing a CBDC for a multi-year period, described by the outlets as through the end of 2030 or until 2031. Both sources frame Trump’s public stance as an indication he will not approve the measure, but they also describe the possibility that the bill still becomes law due to the timing of enactment after a president does not sign and does not veto it.
Overall, the coverage centers on whether Trump will act to veto the bill before it becomes law and how long the CBDC development ban would last under the legislation’s text.
