Trump refuses to sign law with U.S. CBDC ban, demands approval of elections bill

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

“There is no path for the SAVE Act becoming law,” said Jaret Seiberg, a policy analyst at TD Cowen, in a Wednesday research note. “Senate GOP would need to eliminate the filibuster, a step they already have rejected. Even absent the filibuster, it is not clear the bill has the support of 50 senators, given worries about have to prove citizenship.”

Before his cancellation of the housing bill signing, Trump had posted on his social-media platform that the housing bill 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 once they land on his desk. If he were to veto it, the bill did pass with enough of a margin to reject that veto, though Republican allies of the president would have to agree to override his sentiment.

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