US President Donald Trump announced on Tuesday night that Congress leaders have agreed to strengthen the historic genius law in the wake of a meeting of the Oval Office, which represents a major shift after Republicans in the House of Representatives failed to pass a major procedural vote earlier this week.
“I am in the Oval Office with 11 out of 12 members of Congress/women needed to pass the law of genius, and after a short discussion, they all agreed to vote tomorrow morning in favor of Al Qaeda,” Trump, Trump. to publish On the social truth.
The President confirmed that Parliament Speaker Mike Johnson participated over the phone and expressed his enthusiasm to accelerate the legislative process.
Strategic reflection after Congress setback
This advertisement represents a dramatic reflection of the setback on Tuesday, when Republicans in the House of Representatives failed to secure a 196-222 procedural vote that would advance the “encryption week” legislation. Failure arose from the internal republican divisions, where members of the House of Representatives oppose the freedom of the assembled package that included the law of genius, in addition to the defense law and credits.
The genius law establishes the first federal framework for stability in the dollar, which gives a comprehensive authority to the Ministry of Treasury and the establishment of organized paths for private companies to issue digital dollars. The Senate issued the legislation with a vote 68-30 in June, with the support of the two parties despite democratic concerns about Trump’s encrypted currency projects.
The effects of the market and economic expectations
Treasury Secretary, Scott Payette, expected that the United States market, Steplkwin, could expand nearly eight times to exceed $ 2 trillion within several years, which confirms the potential economic impact of legislation. The draft law aims to regulate the Stablecoin market approximately $ 238 billion, creating a clearer framework for banks, companies and other entities to issue digital currencies.
The renewed momentum follows the constant pressure from Trump, which described Stablecoin as it is very important to maintain American technological superiority over China and Europe. Industry observers consider that genius is a more legislative legislative priority in the encryption sector, as the players who are applicable seek organizational clarity to give legitimacy to the prevailing adoption.
Trump concluded that “I would like to thank members of Congress/women for their quick and positive response,” which indicates confidence in the results of procedural voting on Thursday.
Disintegration
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2025-07-16 01:52:00
