Federal Reserve CBDC Ban Bill Set to Become Law Without Trump's Signature

A bipartisan housing bill that would bar the Federal Reserve from issuing a central bank digital currency (CBDC) until Dec. 31, 2030, is set to become law without U.S. President Donald Trump's signature. According to NS3.AI, under the U.S. Constitution, a bill becomes law if it remains on the president’s desk for 10 days without a veto or signature. Trump said in a Friday social media post that he would not sign the bill. Separately, the CLARITY Act has passed the House and two Senate committees, and Republican leaders expect a full Senate floor vote in July.