TLDR
- Trump met with 11 of 12 Republican lawmakers who adversarial crypto bills and tickled them to vote in favor
- 13 Republicans at first voted in opposition to the bills trying an command ban on central bank digital currencies (CBDCs)
- Three crypto bills are piece of “Crypto Week” – the GENIUS Act, Anti-CBDC Surveillance Act, and CLARITY Act
- Democrats launched “anti-crypto corruption week” to oppose the legislation
- Dwelling scheduled to vote one more time Wednesday after Tuesday’s failed procedural vote
President Donald Trump successfully tickled Republican lawmakers to boost three cryptocurrency bills after an initial riot over central bank digital currency issues. The Residence is scheduled to vote one more time Wednesday following Tuesday’s failed procedural vote.
Thirteen Republican lawmakers had voted in opposition to shifting forward with the legislation on Tuesday. They wanted command language banning central bank digital currencies (CBDCs) integrated in the bills.
Trump met with 11 of the 12 dissenting representatives in the Oval Web swear of job on Tuesday night. He launched on Truth Social that every one 11 agreed to vote in favor of the legislation.
“I am in the Oval Web swear of job with 11 of the 12 Congressmen/females important to rush the GENIUS Act and, after a transient discussion, they beget got all agreed to vote the following day morning in favor of the Rule,” Trump posted.
Dwelling Speaker Mike Johnson thanked Trump for his involvement. Johnson acknowledged the president agreed to again reach additional crypto legislation in the coming days.
Dwelling Republicans aren’t going to be lectured on transparency from the Democrat Celebration that worked to quilt up President Biden’s lack of health for office and his unhealthy expend of the autopen.
Republicans stay dedicated to passing crypto legislation, the Protection…— Speaker Mike Johnson (@SpeakerJohnson) July 16, 2025
The three bills are piece of Republican-led “Crypto Week” efforts. Leaders must always rush crypto felony guidelines earlier than Congress takes a month-prolonged August rupture.
Republican Opposition Centers on CBDC Concerns
The main sticking level was the GENIUS Act, which regulates payment stablecoins. Some Republicans wanted it amended or bundled with two other bills.
Dwelling Majority Leader Steve Scalise joined 12 other Republicans in balloting in opposition to the bills. The neighborhood integrated Andrew Clyde, Tim Burchett, Andy Biggs, Eli Crane, Michael Cloud, Marjorie Taylor Greene, Andy Harris, Anna Paulina Luna, Scott Perry, Victoria Spartz, Chip Roy and Keith Self.
Several representatives outlined their opposition on social media. They acknowledged they supported crypto legislation nonetheless wanted stronger CBDC protections.
“I factual voted NO on the Rule for the GENIUS Act as a consequence of it doesn’t comprise a ban on central bank digital currency,” Marketing consultant Marjorie Taylor Greene posted.
I factual voted NO on the Rule for the GENIUS Act as a consequence of it doesn’t comprise a ban on Central Bank Digital Forex and as a consequence of Speaker Johnson did no longer allow us to submit amendments to the GENIUS Act.
Americans fabricate no longer desire a government-controlled Central Bank Digital Forex.… pic.twitter.com/NnkeIOH0dE
— Gain. Marjorie Taylor Greene🇺🇸 (@RepMTG) July 15, 2025
Marketing consultant Andy Biggs acknowledged he was moving the GENIUS Act had a framework for a layered CBDC. He called for amendments to make certain self-custody rights.
Democratic Opposition Mounts
Democrats launched “anti-crypto corruption week” to oppose the Republican bills. They’re calling for amendments addressing shopper safety and conflicts of curiosity.
California Marketing consultant Maxine Waters’ office raised issues about Trump’s involvement. They cited his family-backed crypto company World Liberty Monetary, which issued its hang stablecoin.
“World Liberty Monetary has obtained a portion of its funding from out of the country, which has brought about serious ethical and nationwide security issues,” Waters’ office mentioned. Bloomberg reported that Binance helped make WLF’s USD1 stablecoin.
Democrats must always forestall the president, vp, and Congress people from preserving or promoting crypto. They are saying this would possibly perhaps address conflicts of curiosity issues.
The Residence is scheduled to fulfill Wednesday for morning debate and legislative enterprise on the three crypto bills.
