US EditionTrump Says Most House GOP Holdouts Have Agreed To Back His Crypto Bills—What To Know
UNITED STATES, JUL 16 – Trump secured nearly unanimous GOP backing after a late Oval Office meeting to advance the GENIUS Act, aiming to regulate stablecoins and boost U.S. leadership in crypto policy.
- Thirteen Republicans joined Democrats to block a procedural vote on crypto bills, causing the measure to fail 196-223 in the House of Representatives.
- The GENIUS Act passed last month, requiring stablecoins to be backed one-to-one with liquid assets like U.S. dollars or Treasury bills, to establish clear regulation.
- President Donald Trump said in a post on his Truth Social platform on Tuesday night that he had a short discussion at the Oval Office with 11 of the 12 Congressmen/women necessary to pass the GENIUS Act, and they have all agreed to vote tomorrow morning.
- News from leadership, while Speaker Mike Johnson said the House will vote again 'this afternoon'.
- With the schedule flipped, House leaders expect another vote on Wednesday, as Trump’s support aims to revive crypto legislation and influence U.S. regulation.
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Share Trump says he flipped votes on cryptocurrency bill Trump said in a Truth Social post last night that he met with a group of House lawmakers who agreed to vote to advance legislation that would regulate cryptocurrency. “I am in the Oval Office with 11 of the 12 Congressmen/women necessary to pass the GENIUS Act and, after a short discussion, they have all agreed to vote tomorrow morning in favor of the Rule,” Trump said in the post. The bip…
Bitcoin Insider
BitcoinsensusTrump’s Late-Night Crypto Push Revives Bills in Congress
This week was supposed to be big for crypto legislation—“crypto week” they called it. The House was ready to move forward on three bills that could shape the future of digital assets in the U.S. All signs pointed to a green light, especially with Trump’s backing. But then the unexpected happened—some Republicans broke ranks and [...]
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