Trump refuses to sign the US CBDC ban into law, requires approval of the election proposal

If congressional Republicans pivot to further work on the election-focused legislation, it could squeeze their bandwidth for other legislation. GOP lawmakers were already pushing again for Senate action on Trump’s favored bill Wednesday.

“There is no way the SAVE Act will become law,” Jaret Seiberg, a policy analyst at TD Cowen, said in a research note on Wednesday. “The Senate GOP would have to eliminate the filibuster, a move they’ve already rejected. Even absent the filibuster, it’s not clear the bill has the support of 50 senators, given concerns about having to prove citizenship.”

Before his cancellation of the signing of the housing law, Trump had written on his social media platform that the housing law is of “minor importance compared to lower interest rates” and other congressional priorities, and he criticized the involvement of Democratic Senator Elizabeth Warren.

The president has a constitutionally designated 10-day window to weigh approved bills for signature when they land on his desk. If he were to veto it, the bill passed by enough of a margin to override that veto, although Republican allies of the president would have to agree to override his sentiments.

UPDATE (24 June 2026, 16:01 UTC): Adding comment from TD Cowen.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top