Trump Says Has Secured the Votes for Passing GENIUS Act

GENIUS Act update: What’s happening with the stablecoin crypto vote?

It looks like the GENIUS Act might advance through the U.S. House of Representatives after all, following some arm-twisting from President Donald Trump.  On Tuesday, the cryptocurrency legislation looked dead in the water, with 223 lawmakers voting against moving forward with the bill and 196 for it. Thirteen Republicans joined Democrats in the nays. But it seems things are unlikely to stay that way following a White House meeting later in the d…

Trump says has secured the votes for passing GENIUS Act

Crypto related Act

JOHN CZWARTACKI: Abandoning Open Banking Now Would Undermine The Genius Act's Promise

The bipartisan passage of the GENIUS Act marked a watershed moment for American financial innovation, promising to close regulatory gaps, protect consumers, and secure the U.S. dollar’s dominance in the digital economy by establishing a clear framework for stablecoin regulation. Yet, the transformative potential of this landmark legislation is now at risk. Without the implementation […]

Trump’s Support for the GENIUS Act Lifts Bitcoin, Crypto Stocks After Minor Hiccup

Key Takeaways President Donald Trump said he expects the GENIUS Act to clear a key procedural hurdle Wednesday after the stablecoin bill ran into resistance a day earlier. The price of Bitcoin climbed above $119,000, and shares of crypto companies like Circle and Coinbase improved in recent trading. Trump said on Truth Social he convinced Republicans who voted with Democrats in blocking the bill to reverse their position. The GENIUS Act would c…