In crypto today, US President Donald Trump postponed signing a House bill that includes a ban on central bank digital currencies (CBDCs), despite it being passed by both houses of Congress. Meanwhile, Binance reaffirmed its commitment to Europe after its bid for a crypto license in Greece was rejected.
Trump cancels signing of housing bill with CBDC ban
US President Donald Trump has postponed the signing of the housing affordability bill, the 21st Century Road to Housing Act, which also included a ban on the Federal Reserve issuing or creating a central bank digital currency (CBDC) until the end of 2030.
Trump said he would not sign the legislation until Congress passes the Save America Act, a Republican-backed voting bill that would require proof of US citizenship for voter registration. The housing package had broad bipartisan support and passed the Senate 85–5 before being approved by the House. Even supporters of the bill, including Senate Banking Committee Chairman Tim Scott and Senator Elizabeth Warren, appeared concerned by the delay.
The move raises questions over the future of other crypto-related laws, including the CLARITY Act, which would reshape digital asset regulation in the US.
Source: donald trump
Binance considering alternative EU licensing route if Greek bid fails: Report
Crypto exchange Binance reportedly plans to seek a different route to authorization in the EU after its licensing application suffered a setback in Greece.
Speaking to Reuters, Gillian Lynch, Binance’s head of Europe and the United Kingdom, said the exchange was “not leaving Europe” and would seek authorization in another EU jurisdiction if its application in Greece does not proceed.
Lynch said Binance contacted other regulators but submitted a formal application only in Greece. The exchange reportedly held talks with Ireland, Latvia and Greece, but faced resistance over its past money-laundering convictions, international structure and what authorities viewed as a risk-taking culture.
Binance has a few days to secure authorization before the Transitional Period for Crypto-Assets Regulation (MiCA) market ends on July 1, a key deadline for crypto firms looking to operate in the EU. The European Securities and Markets Authority (ESMA) said on Tuesday that crypto service providers that remain unauthorized by the deadline should take “immediate” steps to cease their EU activities.
Euro-denominated pairs account for about 1% of Binance’s spot trading volume. Source: CryptoQuant
On June 16, Binance denied a Reuters report that EU regulators were preparing to reject its MiCA application, and said that Greece’s Hellenic Capital Market Commission had reviewed the application and deemed it compliant, subject to further review by ESMA. The exchange said at the time that it expected the process to move forward toward authorization.
US House sends housing bill with CBDC ban to Trump
The US House voted 358-32 on Tuesday to pass a housing affordability bill that includes a ban on central bank digital currencies by 2030, a day after the Senate voted 85-5 to pass the legislation.
The bill includes language that the Federal Reserve may not, directly or indirectly, “issue or create a central bank digital currency or any digital asset that is substantially similar to a central bank digital currency,” a section that expires on December 31, 2030.
The swift passage of the bill was made possible after Congress leaders reached an agreement last week to move forward on the bill. It now goes to US President Donald Trump, who is expected to sign it into law on Wednesday.
“Today, Congress scored a major victory for families working toward the American dream,” Said Senate Banking Committee Chairman Tim Scott. “I look forward to President Trump signing it into law.”
Source: US Senate Banking Committee GOP
