Trump refused to sign the Anti-CBDC Surveillance State Act unless Congress passes the SAVE America Act. The standoff ties digital currency policy to election rules, shifting the crypto regulatory timeline.
Alpha Score of 50 reflects weak overall profile with moderate momentum, poor value, moderate quality, weak sentiment.
Donald Trump refused to sign legislation that would prohibit the Federal Reserve from issuing a digital currency unless Congress first passes the SAVE America Act, a voter-ID and citizenship-documentation bill. The move ties a long-sought crypto policy win to election-law changes ahead of the 2026 federal midterms.
The Anti-CBDC Surveillance State Act would permanently ban federal agencies from creating or issuing a central bank digital currency. Trump made the bill contingent on the SAVE America Act, which requires voters to show photo identification and proof of citizenship to cast a ballot. The former president signed an executive order opposing CBDCs in January 2025, calling them a threat to financial privacy.
By linking the two pieces of legislation, Trump forces crypto industry supporters who want a CBDC ban to also advocate for stricter voting rules – or watch the bill die. The standoff throws the timeline for federal digital-asset regulation into uncertainty.
The crypto sector has consistently pushed for the Anti-CBDC Surveillance State Act as a victory against government-controlled digital money. Stablecoin issuers and private digital-currency networks would benefit most if the ban passes, because it would remove a potential competitor backed by the central bank. The linkage with the SAVE America Act complicates that path. Lobbying groups now face a trade-off: help secure the voter-ID law, or risk the ban stalling indefinitely.
On Capitol Hill, Senate Majority Leader Chuck Schumer and House Speaker Mike Johnson will determine whether either bill advances separately. The Clarity Act, a separate bill that would create a regulatory framework for digital assets, has seen its prediction-market probability shift with each legislative development, according to the New York Times. Traders tracking the sector now watch whether the White House pushes for a clean vote on the CBDC ban or holds the line with Trump's demand.
The legislative calendar is tight ahead of the summer recess. The House is expected to mark up the SAVE America Act in late April, with the Anti-CBDC Surveillance State Act pending in committee.
Prepared with AlphaScala research tooling and grounded in primary market data: live prices, fundamentals, SEC filings, hedge-fund holdings, and insider activity. Each story is checked against AlphaScala publishing rules before release. Educational coverage, not personalized advice.