Trump refuses housing bill as CBDC ban moves toward becoming law

Donald Trump confirmed on social media that he would not sign the 21st Century ROAD to Housing Act, which includes a ban on a US CBDC until the end of 2030, setting the stage for the bill to become law on Saturday.

The post Trump Says U.S., Iran to Continue Talks Despite Ceasefire Ending, Bitcoin Extends Gains appeared on BitcoinEthereumNews.com. U.S. President Donald Trump has revealed that U.S.-Iran talks will continue after a request from Iran. Bitcoin extended its gains amid this development, breaking above the psychological $64,000 level. Trump Gives Update On U.S.-Iran Talks, Bitcoin Extends Gains In a Truth Social post, the president said that Iran has asked the U.S. to continue talks and that they have agreed to do so. However, he added that the U.S. has said to Iran that the ceasefire is over even as talks continue. This follows an earlier report of President Trump’s statement that Iran wants to make a deal “so badly.” Bitcoin has extended its gains amid the president’s latest statement about U.S.-Iran talks set to continue. The leading crypto is currently trading at around $64,100, up almost 2% from an intraday low of around $62,000, according to TradingView data. BTC notably dropped be

The post Trump Refuses to Sign Housing Bill Banning CBDC in Protest Over SAVE America Act appeared on BitcoinEthereumNews.com. President Donald Trump has said that he will not sign the housing bill, the 21st Century ROAD to Housing Act, as the Senate has failed to pass the Save America Act, which he continues to push for. The 21st Century ROAD to Housing Act notably includes a CBDC and is still on course to become law despite the president’s refusal to sign the bill. Trump Says He Won’t Sign Housing Bill In a Truth Social post, the president said he would not sign the housing bill, which Congress passed last month and sent to the White House. He explained that he was doing this in protest over the fact that the Senate is not capable of passing the Save America Act, despite it polling at 97% among the Republican Party. As CoinGape reported earlier, President Trump delayed signing the bill last month. Back then, he said he wouldn’t sign it until Congress passed the “desperately needed” S

The post Trump refuses housing bill as CBDC ban moves toward becoming law appeared on BitcoinEthereumNews.com. President Donald Trump has refused to sign the 21st Century ROAD to Housing Act, even as the bill containing a provision blocking a U.S. central bank digital currency through 2031 has remained on course to become law. Summary Trump has refused to sign the 21st Century ROAD to Housing Act over the Senate’s failure to pass the Save America Act. The housing bill is still expected to become law because the White House has confirmed Trump will not veto it. The legislation would bar the Federal Reserve from issuing a U.S. CBDC until 2031 if it takes effect. According to a Truth Social post by President Trump, he decided not to sign the housing bill because the Senate has yet to pass the Save America Act, which he has repeatedly urged lawmakers to approve. Congress passed the housing legislation last month and sent it to the White House, but Trump argued that he would withhold his si

The post British Pound holds firm as Trump ceasefire shock tests USD appeared on BitcoinEthereumNews.com. The Pound Sterling (GBP) holds firm on Friday during the North American session as risk appetite deteriorated after US President Donald Trump posted on social media that the ceasefire with Iran is over, even though negotiations continue. At the time of writing, the GBP/USD pair trades at 1.3406, unchanged, after reaching an almost one-month high of 1.3451 earlier in the day. GBP/USD steadies as geopolitics, Fed minutes and UK politics collide This week, GBP/USD is poised to finish with gains of over 0.58% following the resumption of hostilities in the Middle East. The end of the ceasefire between the US and Iran could bolster the Greenback even though both countries are set to continue negotiations next week in Switzerland. In the meantime, the Fed’s meeting minutes showed that officials favored further tightening but supported holding rates, as they assess incoming data. Data-wise

The post AUD/USD climbs as Chinese Yuan strength supports the Aussie appeared on BitcoinEthereumNews.com. AUD/USD advances toward the 0.6960 area on Friday, supported by a softer US Dollar (USD) and renewed strength in the Chinese Yuan (CNY). The pair continues to recover on the four-hour chart, although escalating tensions between the United States (US) and Iran are limiting broader risk appetite. US President Donald Trump said on Truth Social that Iran had requested further negotiations and that Washington had agreed to continue talks. However, Trump warned that the ceasefire was “over,” raising concerns that hostilities could intensify despite diplomatic channels remaining open. Meanwhile, the Chinese Yuan strengthened to a one-week high against the US Dollar, offering additional support to the Australian Dollar given Australia’s close trade ties with China. The move followed a stronger fixing from the People’s Bank of China (PBOC), which set the USD/CNY midpoint at 6.7989, below th

The post Euro eases from one-week high as traders assess Middle East developments appeared on BitcoinEthereumNews.com. EUR/USD trims gains on Friday as the US Dollar (USD) rebounds while traders digest the latest developments in the Middle East. At the time of writing, the pair is trading around 1.1433, easing from a one-week high of 1.1460 touched earlier during the Asian session. In a post on Truth Social, US President Donald Trump said Iran had asked to continue talks and that the United States had agreed, while emphasizing that Washington had informed Tehran that the ceasefire was “over.” Trump’s remarks came after the US and Iran exchanged military strikes following attacks by Iran’s Islamic Revolutionary Guard Corps (IRGC) on commercial vessels transiting the Strait of Hormuz earlier this week. Earlier on Friday, Reuters reported that Qatari mediators are in Iran for talks aimed at creating conditions for broader negotiations. As the situation remains fluid, the US Dollar continu

The post U.S. government digital dollar set to be banned tonight under housing law’s CBDC limit appeared on BitcoinEthereumNews.com. The CBDC limit expires at the end of 2030, though there was little chance that a Fed digital currency would have been executed by then. There’s been limited appetite at the central bank, where its previous leadership — even before the arrival of Trump’s newest Fed chair, Kevin Warsh — had long said that such an effort would require backing from the White House and congressional authorization. There’s never been wide support for a CBDC in Congress. But the idea — strongly opposed by the crypto industry for its potential to compete with privately issued stablecoins — has been pursued in other jurisdictions, such as Europe and China, and it became a popular political target for U.S. politicians. So Republicans managed to slip it into the unrelated housing legislation, after previously trying to include it in a range of bills including the Foreign Intelligenc