A bipartisan housing bill that bars the Federal Reserve from issuing a CBDC until Dec. 31, 2030, is set to become law without President Donald Trump's signature. Under the US Constitution, the bill automatically becomes law after 10 days on the president's desk without a veto or signature. Trump confirmed in a Friday social media post that he would not sign the bill. The CLARITY Act has passed the House and two Senate committees, and Republican leaders expect a full Senate floor vote in July.
