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
The post White House’s Latest Construction Project Comes From Secret Service Request appeared on BitcoinEthereumNews.com.
Topline The Trump administration launched a months-long project reportedly to fortify the White House’s front door, the latest construction effort happening at the White House as tarps obscure scaffolding at the North Portico. Construction workers hung tarps outside the White House’s North Portico on Thursday. (Photo by Anna Moneymaker/Getty Images) Getty Images Key Facts Security upgrades to the White House’s front door come at the behest of the Secret Service and are expected to take until mid-September to complete, CNN reported. Tarps went up on the White House’s North Portico in the late morning on Thursday, covering scaffolding that has stood for days. A White House official told CNN the North Portico is “undergoing standard restoration work” to repair stones in the columns, one of several concurrent construction projects taking place at the White House and acr
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 United States Dollar Index little changed as traders weigh geopolitics and Fed outlook appeared on BitcoinEthereumNews.com.
The US Dollar Index (DXY) trades within a volatile range on Friday as a sparse US economic calendar leaves traders watching developments in the Middle East after renewed hostilities between the United States (US) and Iran this week. Even so, the latest flare-up has provided only limited support, with the DXY set to finish the week virtually unchanged. At the time of writing, the index, which tracks the Greenback’s value against a basket of six major currencies, is trading around 100.85 after slipping to a one-week low of 100.60 earlier in the Asian session. On Friday, US President Donald Trump said in a Truth Social post that Iran had asked to continue talks and that the US had agreed, while reiterating that the ceasefire was “over.” The mix of diplomacy and ongoing tensions has kept traders cautious about a quick end to the war. Meanwhile, hawkish Federa
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
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. According to a…
Bernstein's gold forecast suggests potential for increased interest in alternative assets like Bitcoin amid stable Fed rates and currency concerns.
The post Bernstein raises gold price target to $4,533 as Fed holds steady on rates appeared first on Crypto Briefing.
The post Silver edges lower as Fed hike bets weight ahead US CPI data appeared on BitcoinEthereumNews.com.
Silver (XAG/USD) trades slightly lower on Friday, hovering around $59.90 at the time of writing, down a modest 0.08% on the day. The white metal is struggling to extend its rebound as renewed tensions in the Middle East fuel concerns about persistent inflation, reinforcing expectations that the Federal Reserve (Fed) could raise interest rates. The resumption of hostilities between the United States (US) and Iran has revived concerns over energy supplies, lifting Oil prices and strengthening expectations of persistent inflation. This backdrop keeps expectations for monetary tightening alive and weighs on non-yielding assets such as Silver. According to the CME FedWatch tool, markets are now pricing in a high chance of at least one interest rate hike before the end of the year. This outlook is also supporting the US Dollar (USD), whose rebound is limiting the appeal of USD-denominat
The post Trump Won’t Sign Housing Bill With CBDC Ban—Will It Become Law Tonight Anyway? appeared on BitcoinEthereumNews.com.
In brief President Trump said he will not sign a bipartisan housing bill containing a temporary CBDC ban. It will automatically become law tonight at midnight unless he vetoes it. The White House declined to say whether Trump plans to issue a veto before the deadline. President Donald Trump said Thursday he will not sign a bipartisan housing bill that includes a multi-year ban on the issuance of a U.S. central bank digital currency, or CBDC. Unless the president actively vetoes the legislation before midnight tonight, however, it will automatically become law. “I will not sign the housing bill,” Trump wrote on Truth Social, calling his move a “protest” over the Senate’s failure to pass the SAVE America Act, a controversial bill restricting voting rights he has championed for months. Republican congressional leadership has repeatedly emphasized the bill stands lit
