Trump: “Election bill to take priority… may not sign other legislation”… crypto bill thrown into doubt

Even if the “CLARITY Act,” a U.S. crypto-asset (cryptocurrency) market structure bill, clears the Senate, concerns are growing that President Donald Trump could hold off on signing it.

According to CoinDesk on the 9th (local time), Trump recently told a gathering of Republican lawmakers that the “SAVE America Act” is Congress’s top legislative priority, indicating he may not sign other bills until it is dealt with.

“This bill will guarantee a midterm-election victory,” Trump said, adding, “I may not sign other legislation until this bill passes.”

The SAVE America Act is an election-related bill that includes stricter voter ID requirements, demands for proof of citizenship, and limits on mail-in voting. Democrats are strongly opposing it, calling it a “voting-rights restriction bill” based on baseless claims of election fraud.

The issue is that such remarks could also affect the CLARITY Act being pushed by the crypto industry. The bill is seen as key legislation to overhaul the regulatory framework for crypto assets and is regarded as the industry’s top policy priority.

The CLARITY Act has passed the House and is now under discussion in the Senate. It has already cleared the Senate Agriculture Committee and could move through review by the Senate Banking Committee before heading to a full Senate vote. If the final bill passes the Senate and the House approves it, it must be signed by the president to take effect. However, as Trump has floated the possibility of holding off on signing other legislation, uncertainty has grown over the prospects for the crypto bill as well.

Still, the Trump administration has emphasized pro-crypto policies and has called for swift passage of a market structure bill. The industry sees whether the bill can be handled separately from the SAVE America Act as a key test for gauging the direction of policy going forward.