President Trump's February 2026 remarks urging Republicans to "nationalize" or "take over" voting in multiple states, paired with executive orders on voter registration, mail ballots, and citizenship verification, initially raised trader concerns about federal election control. However, the U.S. Constitution assigns primary authority over election administration to the states, a structure reinforced by ongoing litigation that has blocked or delayed several administration actions. State officials have coordinated resistance through lawsuits and procedural safeguards, while congressional efforts such as the SAVE America Act have faced Senate hurdles and limited scope. These institutional checks, combined with the absence of new legislative breakthroughs in recent weeks, underpin the market's strong consensus that full nationalization remains unlikely before the 2026 midterms.