A housing bill that sailed through Congress with near-unanimous support is now sitting unsigned on the president’s desk. And the reason has nothing to do with housing.
President Trump canceled the planned signing ceremony for the 21st Century ROAD to Housing Act on June 24, declaring he won’t put pen to paper until Congress passes the SAVE America Act, a separate piece of legislation requiring proof of citizenship and photo ID for voting. The housing bill passed the House 358-32 and the Senate 85-5.
Here’s why crypto should care: buried inside this sprawling housing reform package is a four-year ban on US central bank digital currencies. If the bill dies, that CBDC prohibition dies with it.
What’s actually in the bill
The 21st Century ROAD to Housing Act contains more than 40 provisions designed to boost housing supply and improve affordability. The kicker is that it does so without any new federal spending, which is precisely why it attracted such broad bipartisan support in the first place.
