Trump refuses to sign the bill containing a CBDC ban, potentially affecting the progress of crypto market structure legislation.

U.S. President Donald Trump has refused to sign a bill containing a four-year central bank digital currency (CBDC) ban. The ban was included in a bipartisan housing affordability bill, which had been scheduled for a Wednesday signing ceremony. Trump posted on Truth Social that the event is "canceled with immediate effect" until Congress passes what he calls the "urgently needed" Save America Act. Trump’s suspension of the housing bill’s signing could deal a blow to the bipartisan-backed housing legislation and also impact the anti-CBDC camp. While the U.S. is not prepared to issue a CBDC in the near term, the crypto industry has long supported the four-year digital dollar ban in the bill, which runs through the end of 2030. Republicans argue that a digital dollar managed by the Federal Reserve could be used to monitor citizens’ finances. Last year, Trump also signed an executive order barring the U.S. from advancing a CBDC, stating that such a currency could threaten financial system stability, personal privacy, and U.S. sovereignty. Reports also note that if Trump delays congressional proceedings over this dispute, it could affect the Digital Asset Market Clarity Act (Clarity Act), a key priority for the crypto industry. The Senate has only about five weeks left before its summer recess, and further major delays would make it nearly impossible for the bill to become law in 2026.