Trump temporarily cancelled the original signing ceremony and suspended an American housing bill that had been passed by Congress. In addition to housing affordability, the bill included a four-year ban on the release of the Central Bank Digital Currency (CBDC) by the Federal Reserve, and this change quickly drew the attention of the encryption industry.

Signing stopped temporarily.

Trump reportedly refused to sign the bipartisan housing bill without delay, not because of the housing clause itself, but because it asked Congress to move ahead with another electoral bill. The bill required voters to provide citizenship and proof of identity, but it was currently moving forward in the Senate.

The Speaker of the United States House of Representatives, Mike Johnson, stated that the election bill was stuck in the Senate and might need to be subsequently incorporated into another budget bill. This means that the housing bill, which was intended to enter into the signing process, may continue to be delayed in the short term.

The CBDC ban is not in force.

The provisions on encryption in this housing bill would have imposed a four-year limit on the Federal Reserve's issuance of CBDC until the end of 2030. This was a more popular arrangement for those who opposed the “digital dollar” industry.

Republicans have long opposed the Fed-led digital dollar on the grounds that such tools could be used to track the flow of citizens' funds. Trump had also previously signed an executive order against the move of the United States towards CBDC, claiming that it could threaten the stability of the financial system, personal privacy and United States sovereignty.

Or the Clarity Bill.

This delay, with its more visible co-effects, is the current most important digital asset market clarity bill in the encryption industry. The bill is considered to be one of the important encryption legislative agendas for the remainder of the current session of Congress.

The Senate currently has only about five weeks before its summer recess. If Congress continues to delay this dispute, the Clarity Bill will be further tightened by the time left for the harmonization of the text and the scheduling of voting. This time window is already quite limited for those industry participants who wish to push their way forward in 2026.

Trump still has a 10-day decision.

Under the United States constitutional procedure, the President usually has 10 days to decide whether to sign a bill after it has been delivered. At the moment, this housing bill, which contains a CBDC ban, has not been rejected, but has not yet entered into force.

Next, the market will be concerned about whether the White House continues to link the election bill to other legislative processes, and whether this further affects the pace at which the US encryption regulation bill moves forward in the current Congress.