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Trump Veto Fails: US CBDC Ban Set to Become Law Automatically

July 10, 202604:33 PM
Trump Veto Fails: US CBDC Ban Set to Become Law Automatically

A major shift in US monetary policy is imminent. Despite Donald Trump's refusal to sign the '21st Century ROAD to Housing Act', the bipartisan legislation is set to become law automatically, effectively banning a US CBDC (Central Bank Digital Currency) until at least 2030.

This constitutional mechanism bypasses the presidential signature, cementing a significant legislative victory for those opposing state-controlled digital assets. As the deadline approaches, the focus shifts from the housing bill to the political friction surrounding the SAVE America Act and the future of digital finance in the United States.

Donald Trump has confirmed via social media that he will not sign the 21st Century ROAD to Housing Act, a bill that includes a ban on a US CBDC until the end of 2030. Under the US Constitution, the legislation will automatically become law this Saturday, as the maximum period for presidential action expires without a veto or signature.

Trump criticized Republican lawmakers who supported the bill and urged the Senate to prioritize the controversial SAVE America Act instead. Nevertheless, the legislative clock is running out, ensuring that the ban on a central bank digital currency will take effect regardless of the President's stance.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

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