President Donald Trump said he unlocked laws regulating US stubcoins and is guaranteeing approval for today, Wednesday, July 16th.
The president revealed that he had reached a last-minute agreement with a torpedo Republican, who had moved forward with the Genius Bill just hours ago.
On his true social platform, Trump announced he met in an oval office with 11 of the 12 opposition lawmakers who stopped legislative packaging on Tuesday.
“After a brief conversation, they all agreed to vote tomorrow morning in favor of the standard,” he said Tuesday night. Chamber of Commerce President Mike Johnson predicts a rapid vote will occur.
Johnson himself supported Trump’s intervention and thanked him for “securing the necessary votes.”
This order shows that Tuesday’s surprising defeat will be reversed. Dozens of Republicans rebel against leadership, vote for Democrats to prevent progress in the law (196-223), and temporarily paralyze the House agenda.
The internal rebellion stemmed from the demands of conservatives. They demanded that three bills related to cryptocurrency be combined (Clarity, Genius, and Anti-CBDC) Single package.
Lawmakers such as Marjorie Taylor Greene and Anna Paulina Luna have expressed fear that the Genius Act will open a “rear door” to the digital currency of government-controlled central banks (CBDCs).
However, Stablcoins’ Genius Bill contains provisions that explicitly prohibit the Federal Reserve from creating retail CBDCs.
In one of that sections, the bill is It should not be interpreted as an extension of the Federal Reserve We provide publicly available services directly. This clearly cannot approve everything that approaches the realm of a digital wallet, personal account, or CBDC.
Furthermore, along with advances in debate about genius, the anti-CBDC bill proposes banning central banks from creating any kind of currency. Meanwhile, Clarity raises a regulatory framework
Trump has already pushed his party hard, urging them to approve a package of laws to place citizens in years from China, Europe and everyone else. With contracts already closed, the White House projects a legislative victory that coincides with the historic boom of digital assets and the celebration of Cryptocurrency Week in the United States, as crypto reports.
