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Trump Says Most House GOP Holdouts Have Agreed To Back His Crypto Bills—What To Know
UNITED STATES, JUL 16 – Trump secured GOP backing to revive cryptocurrency bills after earlier setbacks, with the GENIUS Act aiming to regulate stablecoins and digital assets in the U.S.
- 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…
Coverage Details
Total News Sources17
Leaning Left2Leaning Right4Center1Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
57% Right
L 29%
14%
R 57%
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