Act Genius Act on the right track where Trump wins the support of legislators, BTC PRICE jumps star-news.press/wp

benamira July 16, 2025

0 0 4 minutes read

Act Genius Act on the right track where Trump wins the support of legislators, BTC PRICE jumps star-news.press/wp

The momentum has returned behind the genius law after President Donald Trump received new support from members of the House of Representatives, and life breathes to encryption legislation that has been briefly stopped in Congress. The legislative batch faced unexpected delays, but now it seems specific to another important vote.

Trump gathered lawmakers to save the law of genius

In a direct appeal from the Oval Office, Trump open In fact, he met 11 members of Congress who previously opposed the progress of the genius law and related encryption measures.

After Trump described it as a “short discussion”, the legislators agreed to support the bill in an upcoming procedural vote.

I am in the Oval Office with 11 out of 12 members of Congress/women needed to pass the genius law, and after a short discussion, they all agreed to vote tomorrow morning in favor of al -Qaeda. Parliament Speaker Mike Johnson was present over the phone and is looking to take the vote as soon as possible.

The shift comes after it was the house Bald earlier A major procedural vote, the genius law has stopped alongside the clarity law and the CBDC Anti -Act. The failed vote was 196-222 as a reflection of the internal republican disputes, especially among members of the House of Representatives Freedom Council who opposed the combination of encryption legislation with defense credits.

The genius law proposes the first federal regulatory framework for the dollar stability. This will create legal methods for private companies to issue digital currency and grant the Supervision Authority to the Ministry of Treasury. The draft law had previously passed the Senate by voting from the two parties 68-30 in June, although some Democrats expressed their concerns about the potential link of Trump’s encryption interests.

A new procedural vote has now been set at around 12:20 pm on July 15, According to the update of the home schedule From the leader of the majority Steve Scales. If it succeeds, the council can discuss and vote on the final clip shortly, which restores the genius to the right path towards the law becomes.

🚨NEW: Another procedural voting date has been set for tomorrow at 12:20 pm, according to the voting schedule in the House of Representatives just sent by Stevescalise. If the procedural vote succeeds, we can see the discussion and the final traffic sounds begin after that.

Eleanorterrett July 16, 2025

Bitcoin swings while Trump revives support for the encryption bill

The uncertainty in the genius law is briefly weighing on the encryption markets. Bitcoin, which has risen to the highest new level ever at $ 123,260, in anticipation of the encryption week, fell to $ 115,735 after the failed vote. Prices have since recovered to about $ 117,000, as optimism grows over renewable legislative momentum.

The encryption markets were affected by moments of uncertainty surrounding the law of genius. After the unsuccessful vote, the Bitcoin, which rose to the highest new level ever at $ 123,260 a week ago, decreased to $ 115,735. Since then, prices have risen to about 117,000 dollars as a hope of increasing new legislative.

The sections of the house do not remain. Located lawmakers, such as Margori Taylor Green, criticized the bill for not containing a strict ban on a central bank’s digital currency (CBDC). She warned that it might become a “back door” to enter the government supported money.