U.S. President Trump posted today (18th) on Truth Social, officially naming his favored election integrity bill the “Save America Act.” Trump adopted a “full push” strategy, claiming he will refuse to sign any other legislation until this bill is delivered to the desk. This move has triggered a chain reaction in Congress, and the highly anticipated “Cryptocurrency Market Structure Act” (CLARITY Act) is currently stuck in the Senate Banking Committee. Due to this political deadlock, the bill is unlikely to make progress before April.
(Background: Why is Trump calling on multiple countries to defend the Hormuz Strait, but has no allies paying attention?)
(Additional context: Iran’s Foreign Ministry warns: If Trump dares to send ground troops, it will be the next Vietnam War, emphasizing that the new Supreme Leader Mughtabar is healthy.)
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Congress is currently caught in a legislative gridlock triggered by election reform. Today (18th), Trump corrected the media and the public on Truth Social, emphasizing that his strongly supported “Safeguard American Voter Eligibility Act” must be called “Save America Act” and not the abbreviated SAVE Act, because the latter sounds “unclear.”
Trump calls this bill the most consequential legislation in Congress history. Its core provisions are very strict, aiming to prevent non-citizens from voting, including:
Currently, the bill has been debated in the Senate with a 51-48 vote, but it’s still far from the 60 votes needed to overcome a filibuster. Trump has publicly issued a final warning to Republican senators: “Before this bill passes, I will not sign any other legislation,” and has threatened to withhold endorsements from any lawmakers voting against it.
Trump’s hardline stance—“no election law, no other law”—has caused the originally smooth progress of the “Digital Asset Market Clarity Act of 2025” (CLARITY Act) to suffer unexpectedly.
The CLARITY Act passed the House with a 294-134 vote in 2025, aiming to clarify the definitions of securities and commodities and regulate stablecoins. However, it is now stuck in the Senate Banking Committee. As the “Save America Act” dominates congressional debate time and political capital, committee review is likely delayed until after April.
Galaxy Digital research head Alex Thorn pointed out that the mid-2026 midterm elections will sweep through Congress, occupying all legislative time with campaign battles. He warns that if the CLARITY bill cannot clear committee by the end of April, the chances of passing before 2026 are extremely slim:
If the CLARITY bill doesn’t pass committee review by the end of April, the odds of it passing in 2026 become very low. It needs to be on the Senate floor by early May… Floor time is running out, and each passing day reduces the chances of approval.
Currently, disputes over stablecoin rewards are holding up the CLARITY bill. Even if a compromise is reached on rewards, other issues—such as DeFi, developer protections, SEC authority, or ethics—may still pose obstacles.
Remember, the Senate Banking Committee’s draft (ANS) released in January is essentially partisan (though it appears moderate on the surface, attempting bipartisan effort). It’s very likely that reward issues are not the “final hurdle,” but just the current “mountain” blocking the bill.
There are other ongoing contentious issues behind the scenes, but because reward disputes are the biggest obstacle now, they haven’t surfaced publicly yet.
if CLARITY doesn’t pass committee by end of april, odds of passage in 2026 become extremely low. this needs to hit the senate floor by early may… floor time is running out and odds diminish every day that passes
the framing right now is that the dispute over stablecoins… pic.twitter.com/tEejEsmUi9
— Alex Thorn (@intangiblecoins) March 14, 2026