Crypto Week legislation snag: Trump steps in to broker agreement as GENIUS Act faces vote hurdle | Business News
The week of July 14, dubbed ‘Crypto Week’ by US President Donald Trump and key Republicans in the House of Representatives, hit a rough patch on Tuesday when hardline conservatives opposed the GENIUS Act bill during a procedural vote. This prompted House Speaker Mike Johnson to cancel the remaining votes.
In a statement from the House Majority Whip’s office, members were advised that votes are expected in the House on Wednesday. Trump moved to control the potential damage by meeting “with 11 of the 12 Congressmen/ women necessary to pass the GENIUS Act,” he said in a post on Truth Social.
He said the members had agreed to “vote tomorrow morning in favour of the Rule.”
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