Key facts
- US President Donald Trump postponed signing the 21st Century ROAD to Housing Act.
- The housing bill included a ban on the Federal Reserve issuing or creating a central bank digital currency until the end of 2030.
- The bill passed the Senate 85-5 and the House 358-32.
- Binance is reportedly seeking alternative EU licensing routes after its Greek application faced issues.
- Binance stated it is committed to operating in Europe and will pursue authorization in another EU jurisdiction if necessary.
US President Donald Trump has postponed the signing of the 21st Century ROAD to Housing Act, a bill that includes a ban on the Federal Reserve issuing or creating a central bank digital currency (CBDC) until the end of 2030. The legislation, which also carves out exceptions for certain stablecoins, had received broad bipartisan support, passing the Senate 85-5 and the House 358-32. Trump stated he would not sign the bill until Congress passes the SAVE America Act, a Republican-backed voting bill. The delay has raised questions about the future of other crypto-related legislation, such as the CLARITY Act.
In parallel, cryptocurrency exchange Binance is reportedly exploring alternative routes for authorization within the European Union. Gillian Lynch, Binance's head of Europe and the UK, indicated that the exchange is committed to Europe and will seek licensing in another EU jurisdiction if its application in Greece does not proceed. Binance has reportedly faced resistance from regulators in Ireland, Latvia, and Greece due to past money-laundering penalties, its international structure, and perceived risk-taking culture. The exchange has until July 1 to secure authorization before the Markets in Crypto-Assets Regulation (MiCA) transitional period ends, after which unauthorized firms must cease EU activities. Binance had previously pushed back against reports of its MiCA application being rejected, stating that Greece's Hellenic Capital Market Commission had reviewed it and found it compliant.