Trump Blocks Housing Bill, Puts CLARITY Act in Danger of Not Getting Passed
President Donald Trump canceled the signing ceremony for the twenty first Century ROAD to Housing Act on June 24, saying he’ll withhold his signature till Congress passes his voter ID measure. This standoff is now compressing the Senate flooring calendar that the CLARITY Act must survive.
The housing invoice, which cleared the Senate 85-5 and the House 358-32, carries a provision banning the Federal Reserve from issuing a central financial institution digital foreign money (CBDC) via December 31, 2030. That makes its stall a crypto coverage occasion, not only a housing one.
A Political Squeeze With Crypto Consequences
Trump posted on Truth Social that the “Housing News Conference and Signing is hereby cancelled till such time as we go the desperately wanted SAVE AMERICA ACT.” The Safeguard American Voter Eligibility (SAVE) Act, which requires proof of citizenship to vote, has already handed the House however faces a near-certain Democratic filibuster in the Senate.
Senate Majority Leader John Thune, who met with Trump on the Capitol, advised reporters he hoped the president would “discover his approach to signal” the housing invoice. Senator Elizabeth Warren, who co-sponsored the laws, mentioned she had “no thought” why Trump canceled the signing.
The housing invoice’s CBDC ban had been one of the extra sturdy wins for crypto advocates this Congress. House Republicans hooked up the supply to the broadly supported invoice to present it the legislative momentum it couldn’t obtain as a standalone measure. Its suspension now leaves that win in limbo.
CLARITY Act Window Is Closing
The extra direct consequence for crypto markets is what the standoff means for Senate scheduling. The Digital Asset Market Clarity Act sits on the Senate Legislative Calendar as No. 423, positioned on June 1 and eligible for a flooring vote at any time Majority Leader Thune chooses to schedule one. He has not but introduced a date.
The Senate returns from the July 4 mini-recess on July 13. The August recess begins round August 10, leaving fewer than 4 weeks of usable flooring time. The invoice nonetheless wants 60 votes to clear a filibuster, which means no less than seven Democratic crossovers past the 2 already on file.
Senator Cynthia Lummis introduced this week that the invoice will attain the Senate flooring in July, marking the primary public flooring date dedication from the invoice’s lead sponsor. But as BeInCrypto has reported on the Senate calendar crunch, Galaxy Digital analysis head Alex Thorn has already lower his 2026 passage odds to 60%, citing a shrinking schedule.
Brian Gardner, chief Washington coverage strategist at Stifel, wrote that the CLARITY Act “in all probability must get via the Senate by the top of July, ideally in June.” He added that failure earlier than the August recess would trigger the invoice’s prospects to “deteriorate materially.”
The CLARITY Act’s two remaining hurdles, an unresolved ethics provision and regulation enforcement objections to Section 604, had been already straining the timeline earlier than Trump’s housing invoice transfer.
A SAVE Act battle that consumes Senate flooring time in July may push the invoice previous the one lifelike legislative gate remaining earlier than the autumn marketing campaign season units in.
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