#TrumpVetoesCBDCBill

Trump Didn't Veto the CBDC Ban. The Clause Did. #TrumpVetoesCBDCBill Trump cancelled the signing of a bill that included a CBDC ban through 2030. Same guy who's publicly called a digital dollar a threat to financial freedom. Markets read it as a U-turn. It isn't. He's holding the bill hostage to get an unrelated elections measure, the SAVE AMERICA ACT, passed first. Classic legislative leverage. The CBDC ban itself cleared the House 358-32 and the Senate 85-5, well above veto-proof margins. Under US law, it becomes law automatically after 10 days if he neither signs nor vetoes it while Congress is in session. The ban is likely going through regardless. What's actually worth watching is the parallel debate on Fed master accounts. Congress is weighing whether crypto and fintech firms should get direct access to the Fed's payment rails via so-called "skinny accounts." The Fed published its formal rulemaking in May; public comments close July 27. If this clears, it would reshape crypto's payment infrastructure far more than any CBDC ban ever could. The real signal: even under a crypto-friendly administration, legislation doesn't move clean. Clause-level politics slow things down. But the direction hasn't reversed. It's just friction in the details. Bigger question: which matters more for crypto's long-term footing in the US, blocking CBDCs, or getting direct access to Fed payment rails? Share your thoughts in the comments 👇 $BTC $SPCX $USDT

On Trump and the CBDC Veto #TrumpVetoesCBDCBill The veto is a defining moment for financial sovereignty versus state control. The veto isn't about a digital dollar. It's about who gets to architect the rails. A CBDC, in its purest government-issued form, isn't a currency upgrade. It's programmable sovereignty. The same infrastructure that enables instant settlement also enables programmable expiration, conditional spending, and real-time surveillance of every transaction. That's not a conspiracy theory. That's a design feature buried in every central bank white paper on the topic. Trump's veto signals something the crypto space rarely acknowledges: the battle lines aren't between parties. They're between control and permissionlessness. The overlooked implication: a CBDC ban in the US doesn't kill the technology. It pushes it underground and offshore. Stablecoins become the default public-private compromise. Privacy chains become the escape valve. And the Fed's research doesn't stop—it rebrands. The real question no one is asking: if the US formally rejects a CBDC, does that make dollar-pegged stablecoins the de facto digital dollar? And if so, who governs them? Circle and Tether don't have Congressional oversight. But they might get it faster than anyone expects. This isn't a win for crypto maximalists. It's an opening move in a much longer negotiation about what digital money looks like—and who controls the kill switch. Not financial advice. A structural observation on the politics of programmable money. $SOL $NES $H

#TrumpVetoesCBDCBill TRUMP’S CBDC DECISION JUST REMINDED CRYPTO OF ONE THING: POLITICS MOVES SLOWER THAN NARRATIVES Many expected a clear signal against CBDCs. Instead, Trump’s refusal to sign a bill containing a CBDC ban has added a new layer of uncertainty to an already complex regulatory landscape. At first glance, the market saw a contradiction. A politician who has repeatedly criticized CBDCs chose not to approve legislation that included a CBDC restriction. But the deeper story may not be about support or opposition to digital currencies at all. It may be about priorities. Analysts suggest the decision reflects broader negotiations surrounding crypto market structure, fintech access to Federal Reserve infrastructure, and the long-term framework that could shape digital finance in the United States. For crypto investors, this is a reminder that adoption is not determined by headlines alone. Regulation is often built through compromise, and compromise rarely arrives in a straight line. The most interesting development is not what was blocked today. It’s what policymakers are still debating behind the scenes: who gets access to the future financial system, how digital assets integrate with traditional banking, and what role blockchain technology will ultimately play in global payments. My view is that this headline is larger than CBDCs. It highlights the growing reality that crypto is no longer fighting for attention—it is fighting for a place inside the financial architecture of the world’s largest economy. Markets react to price. History remembers policy. #TrumpVetoesCBDCBill $TRUMP $BTC $ETH @OKX中文 @OKX星球 @OKX Orbit

#TrumpVetoesCBDCBill: The Man Who Banned CBDCs By Executive Order Just Refused to Sign the Bill That Would Have Made It Law. The irony is almost too clean to believe. The 21st Century ROAD to Housing Act passed the Senate 85-5 and the House 358-32 — both veto-proof margins. It included the first statutory ban in US history on a Federal Reserve-issued digital dollar, prohibiting any CBDC through December 31, 2030, while explicitly protecting stablecoins that are "open, permissionless, and private." Trump was scheduled to sign it in a ceremony at the US Capitol on June 24. He cancelled the event one hour before it was set to begin. Crypto News His condition: Congress must first pass the SAVE America Act, a voter-ID and proof-of-citizenship bill that the Senate rejected 48-50 on June 4 — just three weeks earlier, with four Republicans joining every Democrat in opposition. Trump declared the housing bill "of minor importance" and demanded the legislature deliver something it had already voted down. FinancialContent The constitutional math means the CBDC ban will likely become law anyway. Under the Constitution, a bill presented to the president becomes law automatically after 10 days if he neither signs nor vetoes it — provided Congress remains in session. Both chambers passed it by margins far exceeding the two-thirds threshold needed to override a veto. Coinmonitor The collateral damage is the more urgent story. The CLARITY Act needs a Senate floor vote before the August congressional recess — analysts say preferably by end of June, no later than end of July — to have a realistic chance of becoming law in 2026. Prediction market odds on CLARITY Act passage have already fallen from 74% to 42%. Every day of standoff over the housing bill consumes Senate calendar time the CLARITY Act cannot afford. CryptoSlate Trump is anti-CBDC. He signed the executive order. He refuses to sign the law. And in doing so, he may have handed the CLARITY Act its most dangerous obstacle yet: time. #TrumpVetoesCBDCBill

Worth getting the facts straight: Trump didn't formally veto anything, he canceled the signing ceremony for the bipartisan housing bill that carried a US CBDC ban, reportedly to pressure Congress on a separate elections bill. Net effect for now is the same: the CBDC prohibition is paused, with knock-on implications for the CLARITY Act riding alongside it. For crypto the symbolism cuts an odd way. Killing a CBDC is broadly what the industry wanted, but stalling the whole bill also delays the market-structure clarity everyone's been waiting on. BTC's at $61.7K, down 1.5%, treating this as noise for now. My read: bullish on the anti-CBDC signal, frustrating on the legislative delay. Net neutral until the bill actually moves. NFA, just my read. #TrumpVetoesCBDCBill #OKXOrbit

Trump Didn’t reject the CBDC ban. The process itself is creating the delay. Trump pulled back from signing a bill that included a CBDC ban through 2030, despite repeatedly calling a digital dollar a risk to financial freedom. Some interpreted it as a policy reversal, but the bigger picture suggests otherwise. The hold-up appears tied to legislative strategy. Reports indicate the administration wants movement on the SAVE AMERICA ACT before advancing the broader package. The CBDC provision itself already passed with overwhelming bipartisan support: 358–32 in the House and 85–5 in the Senate, numbers comfortably above veto-proof levels. Under current rules, if the president neither signs nor vetoes a bill while Congress remains in session, it can still become law after the required waiting period. What deserves more attention is the parallel debate around Fed master accounts. Congress is discussing whether crypto and fintech firms should gain direct access to the Federal Reserve payment system through so-called "skinny accounts." If approved, the impact on crypto infrastructure could be much larger than a CBDC ban itself. The larger takeaway: even in a crypto-friendly environment, legislation rarely moves in a straight line. Direction matters, but so does the friction created by the details. The bigger question remains: what matters more for crypto’s long-term future in the US — blocking CBDCs or opening direct access to Fed payment rails? $BTC $SPCX $USDT

🚨 JUST IN: 🇺🇸 Trump says he will not sign the housing bill, which temporarily bans CBDC, unless Congress passes the “SAVE America Act.” The delay could spill over and slow progress on the Crypto CLARITY Act.

ICYMI: Here's a quick news recap from today's Asia & EMEA sessions @TheBlockCo 👇 🏛️ The House of Representatives passed the anti-CBDC 21st Century ROAD to Housing Act with an overwhelming vote on Tuesday, sending it to President Donald Trump's desk. 🗳️ Adrian Boafo, a Maryland state delegate backed by the Protect Progress crypto PAC, won the Democratic primary on Tuesday. 🤝 BNB treasury firm CEA Industries entered into a cooperation agreement with YZi Labs, ending months-long governance disputes. 🚀 Cboe Global Markets launched the first binary options products in its new suite called Cboe Predicts. 📁 Voyager investors filed a notice of appeal challenging Judge Roy Altman's dismissal of claims against Mark Cuban and the Dallas Mavericks. 📨 U.S. law enforcement organizations sent a joint letter to the DOJ and the White House, warning of oversight gaps surrounding a key provision in the Clarity Act. 🇯🇵 Japan's SBI Group announced the official launch of its trust bank-backed stablecoin, JPYSC. 📈 21Shares said bitcoin's post-halving price action "still looks familiar," but sees a recovery toward $100,000 by the end of the year. 🏡 Black Lake and Nuva Labs completed what the firms described as the first onchain minting and transfer of $25 million in institutional mortgage loans on Provenance Blockchain. 🐙 Kraken-incubated Ethereum Layer 2 network Ink is upgrading to OP Enterprise Fully Managed in a multi-year deal. 📉 Rolling one-year notional flows across bitcoin investment vehicles fell to -1,176 BTC, the first negative reading since November 2023, according to K33.

#特朗普拒签CBDC法案 Trump directly vetoed the housing bill. The bill was jointly promoted by both parties and passed with overwhelming votes in the House of Representatives (358 in favor, 32 against) and the Senate (85 in favor, 5 against). However, when it reached Trump, the bill was shelved. $BTC His reason was very straightforward: he has earned billions in the real estate sector and believes no one understands the housing market better than he does. He thinks the root cause of the current housing price issue is the excessively high interest rates. His core demand is simple — to lower interest rates as soon as possible. He also stated that he will not suppress ordinary people holding real estate and does not want the value of their properties to shrink. But the key point is that the bill contains a clause highly concerned by the crypto community. This clause explicitly stipulates that the Federal Reserve shall not launch a CBDC (Central Bank Digital Currency) before 2030. Previously, this clause was widely regarded within the community as a major positive. Now that the bill is shelved, this beneficial clause is also voided, and the related expectations have not materialized. Trump insists on a condition: Congress must first pass his "Save American Elections Act" before he is willing to negotiate on the housing bill. Turning to the market, BTC is currently priced at $60,814, having dropped to a low of $59,000. ETH is currently at $1,613, with a low of $1,552. Small-cap coin BEAT is weakening, down 3.46%. BTC liquidation data reflects significant market capital divergence. The total liquidation amount within 24 hours reached $400 million, with $320 million in long liquidations and $83.63 million in short liquidations. In 12 hours, cumulative liquidations reached $390 million, mostly long positions that had previously bottom-fished being wiped out. This rebound is only a slight correction; the selling pressure from trapped positions remains heavy. Next, let's discuss the practical impact on our crypto trading. Previously, many bet that the US would not launch a CBDC in the short term; now that expectation has failed, and the market has lost an important policy support. However, Trump repeatedly calls for interest rate cuts, and if rate cuts are implemented later, market liquidity will ease, which would actually be positive for Bitcoin and Ethereum. Currently, policy is in a complete deadlock, and expectations regarding regulation and CBDC have become unclear, adding another layer of uncertainty to the market. The market itself has just experienced a major drop; even with a slight BTC rebound, the scale of long liquidations remains high. In the face of such policy reversals and uncertainties, operations must remain conservative. Do not heavily invest in news-driven market moves $BTC $ETH #OKX星球话题来啦 #波动雷达：币种异动观察

Trump vetoes the CBDC bill To be honest, my first reaction upon seeing this news was a sigh of relief. CBDC, in simple terms, is a central bank digital currency. If all money becomes traceable and monitorable digital dollars in the future, the survival space for traditional cryptocurrencies will definitely be squeezed. Trump's veto of the related bill this time, although more of a political game, at least sends a signal: there are still huge internal divisions in the US regarding the promotion of CBDC. Currently, the total market capitalization of stablecoins worldwide has exceeded $300 billion, with USDT alone nearing $200 billion. Compared to the government directly issuing digital dollars, the market clearly prefers the stablecoin system. For the crypto community, I think this is somewhat positive. Because the real threat to BTC and the crypto ecosystem has never been regulation, but the official launch of a "digital dollar." The short-term impact may not be significant, but in the long run, if the US continues to suppress CBDC and supports the development of stablecoins, funds are more likely to flow into BTC, ETH, and the entire crypto market. At least for now, the full rollout of the digital dollar has been put on pause again. #特朗普拒签CBDC法案