[DigitalToday reporter Jinju Hong] U.S. President Donald Trump has declared he will not sign other bills until the SAVE America Act, which would mandate voter identity checks, passes in a strong form, creating fresh uncertainty over the schedule for the digital asset regulation CLARITY Act.

BeInCrypto, a blockchain media outlet, reported on March 8 that Trump argued on his social media platform Truth Social that the SAVE bill must be handled as the top priority on Congress' agenda. The bill would require proof of citizenship when registering to vote.

The SAVE bill narrowly passed the House of Representatives on Feb. 11, 2026 by 218 to 213, but is facing a Democratic filibuster in the Senate. Senate passage requires 60 votes, which Republicans are struggling to secure on their own. Prediction markets put the probability of the bill being fully passed in 2026 at about 18 percent.

The CLARITY Act (H.R.3633), aimed at overhauling the digital asset regulatory framework, also has its own sticking points. The core dispute is whether crypto platforms can provide stablecoin holders with rewards similar to interest.

The CLARITY Act passed the House in July 2025 with bipartisan support by 294 to 134, but has been pending in the United States Senate Committee on Banking, Housing, and Urban Affairs since September that year.

Senate deliberations were originally scheduled for Jan. 15, 2026, but were postponed indefinitely after major industry companies including Coinbase withdrew support for the stablecoin revenue provision. With Trump now putting the SAVE bill as the top priority, crypto legislation is increasingly likely to be pushed further back in congressional discussions.

Banks are strongly opposed. Jamie Dimon (제이미 다이먼), chief executive of JPMorgan Chase, argued that allowing stablecoin interest would require crypto companies to become banks or give up profits. Brian Moynihan (브라이언 모이니한), Bank of America CEO, also warned the product could siphon off 30 to 35 percent of commercial bank deposits.

A U.S. Treasury analysis also raises the possibility of deposit outflows of up to 6.6 trillion dollars if stablecoins spread.

The Senate Banking Committee is expected to revisit the CLARITY Act in mid-March or late March, and negotiations are expected to continue into April. JPMorgan analysts said passage could be a positive catalyst for the crypto market in the second half of 2026.

Senator Cynthia Lummis (신시아 루미스), a supporter of cryptocurrencies, urged Congress to legislate quickly, saying the United States could fall behind in the competition over digital asset policy.

Prediction markets currently put the CLARITY Act's chances of final passage at about 70 percent, but the timing remains uncertain due to an expected legislative deadline in July 2026 and political variables tied to the midterm elections.