Trump Pushes House GOP to Revive Vote on Crypto Bills
President Donald Trump rallied House Republicans to support major crypto bills after a procedural revolt nearly halted their progress. The House initially voted 196-223 against a procedural rule for the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act. Following a meeting with dissenting Republicans, Trump secured commitments for a favorable vote on the procedural rule. Concerns arose among some Republicans that the GENIUS Act could enable a central bank digital currency (CBDC), despite claims that it prohibits such creation. Critics, including Rep. Marjorie Taylor Greene, expressed dissatisfaction with the bill's provisions. Experts warned that the legislation could lead to regulatory overreach and harm the decentralized finance (DeFi) sector. Democrats criticized the bills, claiming they could result in widespread fraud and financial harm.
