U.S. government digital dollar set to be banned tonight under housing law's CBDC limit
CoinDesk 2026-07-10 16:02:21
Context: The U.S. government is set to implement a ban on a digital dollar tonight, under a bipartisan housing bill that was passed by Congress. The bill, which was not signed by President Donald Trump, is still slated to go into effect at midnight. This ban is related to the legislation's provisions regarding Central Bank Digital Currencies (CBDCs).
Key Facts
- The bipartisan housing bill, despite not being signed by President Donald Trump, is set to go into effect at midnight, indicating that it will become law without his signature.
- The bill includes a temporary ban on a Central Bank Digital Currency (CBDC), which is effectively a digital dollar backed by the U.S. government.
- The ban on the digital dollar is tied to the legislation's provisions regarding CBDCs, suggesting that lawmakers are seeking to limit or regulate the development of a U.S. central bank-issued digital currency.