Housing Bill

A bipartisan U.S. housing-affordability bill is set to become law at midnight, bringing with it a temporary restriction on a Federal Reserve central bank digital currency. The provision blocks a U.S. digital dollar for four years, even as the central bank had not been moving toward issuing one.

President Donald Trump has cancelled a planned signing event for Congress’ bipartisan housing bill, delaying a four-year ban on a Federal Reserve CBDC. The move also raises fresh uncertainty for the crypto industry’s push to secure passage of the Clarity Act in the Senate.

The U.S. Senate has passed a bipartisan housing affordability bill that includes a temporary ban on a central bank digital currency. The measure is expected to move quickly through the House and could become law soon.