Trump Cancels Signing Ceremony for Housing Bill With CBDC Ban Provision
JH Kim
Summary
- President Donald Trump canceled a signing ceremony for a housing bill that includes a provision barring the issuance of a central bank digital currency (CBDC) just before the event was set to begin.
- The bill includes language restricting the Federal Reserve from issuing a retail CBDC, and Trump has campaigned against the creation of a CBDC.
- Trump said he would not sign the housing bill unless the Republican-backed SAVE America Act passes Congress first.
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President Donald Trump canceled a signing ceremony for a housing bill just hours before the event. The measure includes a provision barring the issuance of a central bank digital currency, or CBDC.
Crypto news outlet Decrypt reported on June 24 that Trump scrapped the ceremony for the Housing Act for the 21st Century, which had been scheduled for later that day at the US Capitol.
The bill includes language restricting the Federal Reserve from issuing a retail CBDC. Trump has also campaigned against the creation of a CBDC.
Trump said he would not sign the housing bill unless the Republican-backed SAVE America Act, a measure to restrict voting rights for undocumented immigrants, passes Congress first.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
