The 21st Century ROAD to Housing Act, which includes a prohibition on the development of a US central bank digital currency (CBDC) until the end of 2030, is set to become law without former President Donald Trump's signature. According to CoinTelegraph, Trump confirmed on social media that he would not sign the bill, effectively allowing it to pass.
The legislation is expected to be enacted on Saturday, marking a significant delay in any official US CBDC initiatives. The ban embedded within the act halts progress on digital currency efforts by the US government for nearly a decade.
For Japanese investors and market participants, this move signals prolonged regulatory uncertainty in the US digital currency space, which may influence global crypto and FX markets given the US dollar's central role.