President Trump canceled a scheduled signing ceremony for the bipartisan 21st Century ROAD to Housing Act on Wednesday, conditioning his signature on Congress first passing unrelated voter-ID legislation. The bill, which passed both chambers with veto-proof margins and includes a four-year ban on a Federal Reserve-issued digital dollar, now sits unsigned.
Trump posted to Truth Social roughly an hour before the noon event at the Capitol: "Today's Housing News Conference and Signing is hereby cancelled until such time as we pass the desperately needed SAVE AMERICA ACT, which I consider to be a National Emergency."
The post was reported by NBC News and CNBC. The SAVE America Act would require documentary proof of U.S. citizenship to register to vote in federal elections and photo ID at the polls.
The housing bill's Title X prohibits the Federal Reserve from issuing or creating a central bank digital currency through December 31, 2030. The ban covers any digital asset denominated in U.S. dollars that is a direct liability of the Federal Reserve and widely available to the public. It explicitly exempts currencies that are open, permissionless, and private, leaving the existing private stablecoin market unaffected.
