President Donald Trump confirmed he would not sign a bipartisan housing bill containing a ban on US CBDC, allowing it to become law. This move raises questions about future crypto regulation.
On July 10, 2026, President Donald Trump announced his refusal to sign the 21st Century ROAD to Housing Act, which includes a ban on the U.S. Central Bank Digital Currency (CBDC) until December 31, 2030. The bill was passed by both the House of Representatives and Senate with bipartisan support.
Following Trump's social media statement, the legislation will automatically become law as it had been held for ten days without a veto or signature from the president. This ban on CBDCs is seen as a political move to gain Republican support. The Federal Reserve would be prohibited from issuing or creating any digital asset similar to a CBDC until 2031.
The decision has implications beyond just crypto regulations, with questions being raised about whether Trump's inaction might affect the Digital Asset Market Clarity (CLARITY) Act currently under consideration in the Senate. This act is viewed as one of the most significant pieces of legislation for digital asset regulation and has already passed two crucial committees.
Trump’s refusal to sign the housing bill, especially given his stated intention to 'future-proof' digital asset regulations, highlights potential discrepancies between his public statements and actions. His ties to the crypto industry have further complicated discussions on this issue, as he disclosed earnings from crypto ventures in 2025 totaling over $1.4 billion.
The market's reaction has been cautious but not drastically altered by these events. Key cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) showed minor fluctuations following the news, with BTC trading at $63,890.32 and ETH at $1,791.70 as of July 10.
The broader implications include increased scrutiny on existing crypto regulations and potential delays in new legislation. Traders should monitor future actions by Congress and any further statements from the White House regarding digital asset policies.
With the CLARITY Act set to be debated soon, traders will need to stay informed about its progress and how it might impact the market.
Source: Cointelegraph. Summarized and rewritten by the Vexoda Newsroom. This is market news, not financial advice.