President Donald Trump abruptly canceled a signing ceremony for the 21st Century ROAD to Housing Act, a bipartisan bill that includes a provision banning the U.S. government from issuing a central bank digital currency (CBDC) until 2031. The bill, which passed the Senate 85-5 and the House 358-32, aims to reduce housing construction restrictions and prevent Wall Street firms from buying up housing supply. Crypto advocates had inserted the CBDC ban to address privacy concerns, as conservatives fear a digital dollar could enable government surveillance. Trump claimed the legislation is 'of minor importance' and refused to sign it unless Congress passes the SAVE America Act, a restrictive voting rights bill with slim chances of passage. If Trump vetoes, Congress would need a two-thirds supermajority to override; the bill initially met that threshold, but political dynamics may shift. The cancellation was last-minute, with a stage already set at the Capitol.

Key facts

• Trump cancels signing of bipartisan housing bill with CBDC ban until 2031.
• Bill passed Senate 85-5 and House 358-32, rare overwhelming support.
• CBDC ban inserted by crypto advocates over privacy concerns.
• Trump demands SAVE America Act (voting restrictions) before signing.
• If vetoed, Congress needs two-thirds supermajority to override.

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