Trump Pushes GENIUS Act Back on Track as French Hill Confirms House Votes
- French Hill confirms bipartisan support for all three crypto bills, including the GENIUS Act and CLARITY Act.
- Donald Trump met with GOP holdouts, who now back the GENIUS Act after initially blocking it.
- Crypto Week resumes as Bitcoin, Ethereum, and Solana rise amid renewed legislative progress.
French Hill, Chair of the House Financial Services Committee, said the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act now have enough support to pass. In a CNBC interview on July 16, he stated:
“I believe that we do have the votes to advance the Senate’s GENIUS Act, which will create the first federally regulated dollar-backed stablecoins.”
The House will reattempt a procedural vote after an earlier failure. The original motion collapsed when several Republican lawmakers objected to language they said might allow a central bank digital currency (CBDC).
Hill confirmed the House Speaker is preparing to bring the bills back for consideration. He said support from both Republican and Democratic members has grown since the failed motion.
Related: David Sacks Backs Trump’s GENIUS Act Push to Make US Undisputed Crypto Leader
Trump Meeting …
The post Trump Pushes GENIUS Act Back on Track as French Hill Confirms House Votes appeared first on Coin Edition.
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Trump Pushes GENIUS Act Back on Track as French Hill Confirms House Votes
- French Hill confirms bipartisan support for all three crypto bills, including the GENIUS Act and CLARITY Act.
- Donald Trump met with GOP holdouts, who now back the GENIUS Act after initially blocking it.
- Crypto Week resumes as Bitcoin, Ethereum, and Solana rise amid renewed legislative progress.
French Hill, Chair of the House Financial Services Committee, said the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act now have enough support to pass. In a CNBC interview on July 16, he stated:
“I believe that we do have the votes to advance the Senate’s GENIUS Act, which will create the first federally regulated dollar-backed stablecoins.”
The House will reattempt a procedural vote after an earlier failure. The original motion collapsed when several Republican lawmakers objected to language they said might allow a central bank digital currency (CBDC).
Hill confirmed the House Speaker is preparing to bring the bills back for consideration. He said support from both Republican and Democratic members has grown since the failed motion.
Related: David Sacks Backs Trump’s GENIUS Act Push to Make US Undisputed Crypto Leader
Trump Meeting …
The post Trump Pushes GENIUS Act Back on Track as French Hill Confirms House Votes appeared first on Coin Edition.
Read More
US Gov Approves Key Digital Asset, XRP Plunges & BNB Rises, and More — Week in Review