Housing bill containing CBDC ban to automatically take effect early Saturday local time, Trump's refusal to sign invalid

CoinFeed July 11 news, according to CoinDesk report, the bipartisan housing bill containing the CBDC ban will automatically take effect at midnight local time on July 11, despite President Trump's refusal to sign. Trump posted on Truth Social that he 'will not sign the housing bill to protest the Senate's failure to pass the Protect American Voter Eligibility Act,' but the U.S. Constitution stipulates that if the president does not sign a bill approved by Congress within 10 days, it automatically becomes law; Trump did not exercise the veto, so the bill took effect at midnight local time on Saturday. The CBDC ban will last until the end of 2030, prohibiting the Federal Reserve from issuing a digital dollar. The ban has previously been included in various bills by Republicans and was ultimately attached to the housing legislation. Trump's refusal to sign has raised concerns that if Congress passes the Clarity Act this summer, it could face a similar fate.