U.S. Retail CBDC Ban Passed into Law Without Trump’s Signature (Congress.gov)

The 21st Century ROAD to Housing Act, a U.S. bipartisan housing law, that incidentally statutorily prohibits the Federal Reserve from issuing or creating a retail central bank digital currency (CBDC) (or “any digital asset that is substantially similar to a retail CBDC directly or indirectly through a financial institution or other intermediary”) until December 31, 2030, becoming law via constitutional default after President Trump neither signed nor vetoed the bill to protest Congressional inaction on the Safeguard American Voter Eligibility Act (SAVE Act) that would require documented proof of U.S. citizenship when registering to vote in U.S. federal elections. The CBDC prohibition is carefully worded to focus on retail CBDC (“widely available to the general public”) and will not “prohibit any dollar-denominated currency that is open, permissionless, and private, and fully preserves the privacy protections of U.S. coins and physical currency”. [Congress.gov]

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