A bipartisan housing affordability bill containing a four-year ban on a US central bank digital currency became law at midnight despite President Donald Trump's refusal to sign it.
The legislation passed Congress and was sent to the White House, where Trump declined to approve it in protest over the Senate's failure to pass the Save America Act. Under the US Constitution, the bill automatically becomes law after ten days of presidential inaction.
Trump posted on Truth Social on Friday that he would not sign the measure. The unrelated CBDC provision slipped into the housing bill blocks the Federal Reserve from issuing a digital dollar until the end of 2030.
Republicans had long opposed the concept of a government-issued digital currency, citing concerns over surveillance. The restriction also aims to protect private stablecoins from competition with a potential Fed product.
The housing bill itself enjoyed broad support, but Trump's last-minute stand has raised questions about the fate of other crypto-related legislation still pending in Congress.
