President Donald Trump abruptly canceled the signing ceremony for the 21st Century ROAD to Housing Act (H.R. 6644) on Tuesday, insisting that Congress first pass the SAVE America Act, a strict voter ID bill.
The housing bill had received overwhelming bipartisan support, passing the House 358-32 and the Senate 85-5. It aimed to boost factory-built housing, reduce red tape, and curb large investors in the single-family home market. Critically, it included a provision banning any U.S. central bank digital currency (CBDC) until December 31, 2030-a measure seen as a major victory for private stablecoin issuers like Circle and Tether.
By sidelining the bill, the president has put that CBDC ban on ice, leaving the crypto industry without a statutory shield against a government-issued digital dollar. Traders are now watching whether Congress will try to decouple the CBDC language and advance it on its own, or if the SAVE America Act will gain enough momentum to unlock the housing bill.
With inflation and housing costs top-of-mind for voters, the delay represents a significant shift in Washington’s economic agenda.