President Donald Trump has declared he will refuse to sign any legislation until Congress passes the SAVE America Act, adding new uncertainty to the stalled Digital Asset Market CLARITY Act.
Trump posted the ultimatum on Truth Social on March 8, demanding the SAVE Act, which requires proof of citizenship for voter registration, be moved to the front of the congressional agenda.
“The Senate will have to deal with the SAVE Act first, then we can possibly get the Clarity Act, but we are running out of time,”
Wrote X user Chad Steingraber.
The CLARITY Act passed the House in July 2025 with bipartisan support in a 294-134 vote but has remained in the Senate Banking Committee since September after a planned January markup was postponed.
Industry tensions over whether crypto platforms should offer yield-like rewards on stablecoins remain the central policy dispute holding up negotiations.
Banking groups including the Bank Policy Institute and executives such as JPMorgan chief Jamie Dimon argue yield-bearing stablecoins could trigger deposit flight from commercial banks.
Senator Cynthia Lummis has warned delays risk ceding leadership in digital asset regulation to other jurisdictions as lawmakers face a narrowing window before mid-2026 election politics dominate the legislative calendar.