U.S. President Donald Trump canceled a signing ceremony for a housing bill that included a ban on central bank digital currency (CBDC) as he searches for Republicans in Congress who could prioritize the controversial voting bill.

In Wednesday morning’s Truth Social Trump post he said that the signing of the 21st Century ROAD to Housing Act, passed by the U.S. Senate and House of Representatives, will be canceled “until the desperately needed SAVE America Act is passed.”

Source: Donald Trump

The housing bill passed by the House on Tuesday included a provision prohibiting the U.S. Federal Reserve from issuing or creating a CBDC “or any digital asset that is substantially similar” by the end of 2030. However, the legislation also included an exception for stablecoins, allowing for “a dollar-denominated currency that is open, permissionless and private.”

Many expected Trump to sign a bill aimed at improving housing affordability that would go into effect on Wednesday without any hiccups. However, the president he said in March that he “will not sign any other bills” until the SAVE America Act is passed.

The legislation would require voters to present proof of U.S. citizenship in person to register.

Related: The US Senate passed a housing bill banning CBDC by 2030

Senate Republicans largely supported the housing bill, which passed on Monday with an 85-5 majority. Tim Scott, the Republican chairman of the Senate Banking Committee, expressed support for this legislation as early as Wednesday morning before Trump’s announcement.

Could Trump’s position also affect the structure of the cryptocurrency market?

Given the president’s opposition to signing any bill other than the SAVE America Act, it is unclear whether Trump also intends to veto or delay signing cryptocurrency-related bills.

On Wednesday, the U.S. Senate was still awaiting a potential vote on the Digital Asset Market Clarity (CLARITY) Act, legislation that would change the role of financial regulators in overseeing and enforcing digital asset regulations. However, in May, Trump said he intended to codify a “future-proof digital asset market structure,” likely referring to CLARITY.

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This is a developing story and more information will be added as it becomes available.