US EditionTrump announces agreement to end House floor revolt over crypto bills
UNITED STATES, JUL 16 – President Trump secured support from 11 of 12 key lawmakers to advance the GENIUS Act, aiming to create a legal framework for stablecoins amid concerns about a Central Bank Digital Currency.
- President Donald Trump announced a deal on Tuesday with 11 of 12 Republican holdouts to advance the GENIUS Act in the House.
- Earlier on Tuesday, a group of 12 Republicans blocked a procedural motion, halting progress on three cryptocurrency-related bills as well as a Pentagon funding measure.
- After meeting with the holdout Republicans in the Oval Office, Trump secured their commitment to back the rule allowing a vote scheduled for Wednesday morning.
- Trump stated on Truth Social that he was meeting in the Oval Office with 11 out of the 12 lawmakers needed to secure passage of the Genius Act, and following a brief conversation, they had all committed to supporting the rule in a vote scheduled for the next morning.
- The agreement paves the path for the House to review the GENIUS Act, which aims to regulate stablecoins, and reignites discussions on related cryptocurrency legislation, highlighting renewed GOP alignment on the matter.
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MyCentralOregon.com
WBALAfter 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 […]
protrumpnews.com
Trump Reveals He Has The Votes To Pass GENIUS ACT After Meeting
Donald Trump revealed that after meeting with members of Congress, they now have enough support to pass the GENIUS Act through the House. Trump said, “they have all agreed to vote tomorrow morning in favor of the Rule. Speaker of the House Mike Johnson was at the meeting via telephone, and looks forward to taking the Vote as early as possible.” Truth Social: I am in the Oval Office with 11 of the 12 Congressmen/women necessary to pass the GENIUS…
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