Trump Says Lawmakers Will Vote in Favor of GENIUS Act Tomorrow Morning
2025-07-16 03:43:13
Main Idea
President Donald Trump announces renewed momentum for the GENIUS Act, claiming to have secured support from key lawmakers after an initial procedural vote failed.
Key Points
1. Trump stated he secured support from 11 of the 12 necessary Congress members to pass the GENIUS Act after a failed procedural vote.
2. The GENIUS Act, part of the administration's digital asset push, was previously blocked in a 196–223 House vote due to GOP resistance.
3. Internal GOP concerns over regulatory scope and lack of amendment opportunities contributed to the initial rejection.
4. The legislative setback also affected two other crypto-focused bills: the CLARITY Act and the Anti-CBDC Surveillance State Act.
5. Representative Marjorie Taylor Greene criticized the process, citing lack of amendment submissions for the GENIUS Act.
Description
President Donald Trump ignites new momentum for the GENIUS Act with a last-minute comeback deal, reigniting hopes for sweeping digital asset regulation amid GOP internal upheaval. Trump Announces Breakthrough on GENIUS Act President Donald Trump announced on social media platform Truth Social on July 15 that after a failed procedural vote on the GENIUS Act
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