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President Donald Trump says he persuaded Republican lawmakers who had withdrawn assist for the GENIUS Act to again the laws.
After assembly with 11 of the 12 representatives within the Oval Workplace yesterday, Trump introduced on Fact Social that they agreed to vote in favor of the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance Act.
The Home vote, initially delayed, has now been rescheduled for noon at this time. The GENIUS Act is formally referred to as the Guiding and Establishing Nationwide Innovation for U.S. Stablecoins Act.
TD Cowen coverage ahalyst Jaret Seiberg stated in a word to purchasers yesterday that the agency expects the GENIUS Act to cross “as a result of TRUMP is pushing for its enactment.”
“Our view is that members of the Home Freedom Caucus will relent to the President’s demand regardless that they object to having to just accept the Senate model of the invoice,” Seiberg stated.
( @realDonaldTrump – Fact Social Publish )
( Donald J. Trump – Jul 15, 2025, 8:43 PM ET )I’m within the Oval Workplace with 11 of the 12 Congressmen/ladies essential to cross the GENIUS Act and, after a brief dialogue, they’ve all agreed to vote tomorrow morning in favor of the Rule.… pic.twitter.com/65jL0mbgvk
— Donald J. Trump
TRUTH POSTS (@TruthTrumpPosts) July 16, 2025
Lack Of CBDC Ban Essential Motive For The Failed Vote
The principle cause behind the pulled assist was considerations concerning the shortage of a “arduous ban” on central financial institution digital currencies (CBDCs). “The GENIUS Act doesn’t comply with President Trump’s govt order as a result of it doesn’t ban a CBDC,” stated Republican Marjorie Taylor Inexperienced in an X put up.
This week, the Home is voting on the GENIUS Act which lays the groundwork for a layered Central Financial institution Digital Forex (CBDC) the place People work together with stablecoins however behind the scenes there are the useful surveillance capabilities of a CBDC.
The invoice as written does… pic.twitter.com/GmdgX84SIE
— Rep. Marjorie Taylor Greene
“This could NOT be tolerated,” she added.
One more reason for the failed vote is as a result of a number of lawmakers wish to mix the GENIUS Act with the opposite two payments, Home speaker Mike Johnson reportedly stated.
The voting for the three crypto payments has been rescheduled for round mid-day at this time.
BREAKING:
THE HOUSE HAS SCHEDULED ANOTHER PROCEDURAL VOTE FOR TOMORROW AROUND 12:20PM FOR THE CRYPTO BILLS.
THESE BILLS WILL PASS! pic.twitter.com/49UxKnqupJ
— Crypto Rover (@rovercrc) July 16, 2025
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