Trump's Support for GENIUS Act Lifts Bitcoin, Crypto Stocks
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If passed, the Crypto Week legislation could lead to new ways to use the currencies, corporate adoption, and institutional investment.
GENIUS Act, Anti-CBDC Act, and CLARITY Act pass procedural vote 215-211 in Congress after Trump's Oval Office intervention.
The US House advances debates on key US crypto legislation, including bills on stablecoins, digital asset oversight, and anti-CBDC measures.
XRP jumps 6% after the House advances the GENIUS Act, boosting Ripple’s RLUSD strategy and bringing new regulatory clarity.
After a failed House vote, Trump says 11 of 12 key lawmakers now back advancing the GENIUS Act. One day after the U.S. House failed to advance a key crypto legislative proposal, President Donald Trump announced on Truth Social that 11 of the 12 key lawmakers needed to support the GENIUS Act have now agreed to support the rule to advance the bill.
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A procedural vote poised to smooth the processes for Crypto Week has failed, putting the CLARITY and GENIUS Act at risk.
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Cryptopolitan on MSNHouse Republicans failed a key vote to advance the GENIUS Act, stalling a major crypto legislative pushHouse Republicans failed to advance a key procedural motion that would have enabled debate on the GENIUS Act and other major crypto bills earlier today, Tuesday. The failed vote stalled the highly anticipated legislative push dubbed part of “Crypto Week,
Trump and GOP lawmakers said that they had the votes necessary to pass landmark crypto legislation in the House.