Odaily News U.S. President Donald Trump stated at a Republican conference in Florida that he will refuse to sign any other laws until Congress approves the "SAVE America Act" (a bill concerning voter identity verification, citizenship proof, and restrictions on mail-in ballots).
This statement may hinder the long-awaited Digital Asset Market Clarity Act for the crypto industry. The crypto bill is currently undergoing difficult negotiations in the Senate Banking Committee, having previously passed review by the Senate Agriculture Committee.
Although Trump has been calling for improvements to the crypto regulatory system since early last year and considers it a White House priority, he now insists on making the voter ID bill his top priority, calling it key to ensuring Republican victories in the midterm elections and beyond.
Currently, prediction market Polymarket shows an 85% probability that Republicans will lose their majority in the House of Representatives. (CoinDesk)