Trump announces agreement to end House floor revolt over crypto bills
UNITED STATES, JUL 16 – After a procedural vote was initially blocked, Trump secured support from 11 of 12 dissenting House Republicans to advance the GENIUS Act, aiming to regulate stablecoins federally.
- Late Tuesday, President Donald Trump announced on Truth Social that 11 of the 12 dissenting House Republicans agreed to support the procedural rule, with a vote scheduled for July 16.
- The procedural motion failed 196-222, with many House Freedom Caucus members voting against it due to concerns it could enable a central bank digital currency.
- Trump met with 11 holdout Republicans in the Oval Office, with House Speaker Mike Johnson on the phone, and secured their agreement.
- Following the discussion, all 11 holdouts agreed to vote in favor the next morning, Speaker Mike Johnson said, adding 'I'm thankful for President Trump getting involved tonight'.
- Looking to Wednesday, the House plans to vote on the GENIUS Act and related bills as part of 'Crypto Week', aiming to clarify stablecoin regulation and prevent CBDC creation.
38 Articles
38 Articles
Trump poised to sign landmark crypto bill as House Republicans navigate legislative hurdles
Here’s what’s behind the holdup in the House as Republicans try — again — to pass a trio of cryptocurrency bills.The House declared this "crypto week" with the aim of President Trump signing the GENIUS Act, which creates a framework for stablecoins tied to other currencies, later this week.But here’s the problem: Time. The Senate and the House are victims of their own successes.DEMOCRATIC SOCIALIST MAYORAL NOMINEE CREATES GROWING HEADACHE FOR VU…
After earlier defiance, House GOP aligns with Trump to move forward with crypto bills
Chip Somodevilla/Getty Images (WASHINGTON) — House Republicans on Wednesday followed directions from President Donald Trump to move forward with a package of legislation that includes three cryptocurrency measures — a day after hard-liners defied the president and tanked it. The House passed the procedural motion after the hard-liners failed to advance it on Tuesday. Still there was some drama as several Republicans voted against it before chang…
Trump Brokers Deal With GOP Holdouts To Advance Crypto Legislation – American Liberty News
President Donald Trump announced Tuesday night that he reached a tentative agreement with nearly all House Republicans who earlier blocked a key procedural vote, reopening the path for a slate of cryptocurrency-related bills to move forward in the House. Trump made the announcement on Truth Social after meeting with 11 of the 13 GOP lawmakers […]
Trump strikes deal with GOP holdouts on GENIUS Act during ‘crypto week’
President Donald Trump announced Tuesday evening that he reached a deal with Republican lawmakers to move a cryptocurrency bill forward in the House. Earlier that day, a dozen Republicans, among them House Freedom Caucus members and Rep. Marjorie Taylor Greene…
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