Mrzakir156

CoinDesk reported that President Trump's refusal to sign the bipartisan housing affordability bill — which includes a four-year ban on central bank digital currencies extending to the end of 2030 — until Congress passes the unrelated SAVE America Act could trigger a legislative domino effect that endangers the crypto industry's more urgent policy priority: the Digital Asset Market Clarity Act. With the Senate calendar offering only about five weeks before Congress' summer break, any further delay risks squeezing out the time needed to finalize and bring the market structure bill to a Senate floor vote. Trump canceled a planned signing ceremony on Wednesday via Truth Social, demanding passage of the voter-ID and citizenship-proof legislation first — though TD Cowen policy analyst Jaret Seiberg wrote in a research note that "there is no path for the SAVE Act becoming law," noting Senate Republicans would need to eliminate the filibuster — a step they have already rejected — and may lack 50 votes even without it. The housing bill had passed both chambers with overwhelming bipartisan support, including a veto-proof margin, meaning Republican allies would need to vote against Trump to override a potential veto. The embedded CBDC prohibition, strongly backed by a crypto industry that argued a Federal Reserve digital dollar could enable financial surveillance, now hangs in the balance alongside the broader affordability package. Speaker Mike Johnson told reporters the SAVE America Act "has been stuck in the Senate" and would need to be attached to a budget bill, raising further questions about whether election legislation qualifies under reconciliation rules.