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 on July 15 a deal with most House Republicans to end a revolt blocking key crypto legislation ahead of a July 16 vote.
- This intervention followed GOP infighting that stalled a procedural vote on three cryptocurrency bills and the GENIUS Act, which regulates stablecoins.
- Trump met with 11 of the 12 dissenting Republicans in a private Oval Office meeting, joined by Speaker Mike Johnson via phone, to secure agreement to support the rule vote.
- Trump announced that he was meeting in the Oval Office with 11 of the 12 Republican members needed to advance the GENIUS Act, and following a brief conversation, they all consented to support the vote on the rule scheduled for the next morning.
- The deal enables the House to move forward with considering the GENIUS Act and related cryptocurrency legislation, indicating progress on crypto regulation despite Democratic concerns over legal safeguards.
Insights by Ground AI
Does this summary seem wrong?
20 Articles
20 Articles
Trump quells revolt among House Republicans over crypto bills, manages vote for Genius Act
President Donald Trump brokered a late-night agreement with House Republicans ending an internal revolt and reviving stalled cryptocurrency legislation and the Genius Act ahead of a critical vote
·Mumbai, India
Read Full Article
Crypto week: Donald Trump assures House vote today, here's a look at the three bills under consideration…
US President Donald Trump intervened to broker an agreement among Republicans after a procedural vote stalled the much hyped “Crypto Week” legislations. House Speaker Mike Johnson was also positive that discussions would continue.
·New Delhi, India
Read Full Article
Coverage Details
Total News Sources20
Leaning Left3Leaning Right2Center5Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 30%
C 50%
R 20%
Factuality
To view factuality data please Upgrade to Premium
