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President Donald Trump says he persuaded Republican lawmakers who had withdrawn support for the GENIUS Act to back the legislation. After meeting with 11 of the 12 representatives in the Oval Office yesterday, Trump announced on Truth Social that they agreed to vote in favor of the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance Act. The House vote, initially delayed, has now been rescheduled for midday today. The GENIUS Act is formally known as the Guiding and Establishing National Innovation for U.S. Stablecoins Act. TD Cowen policy ahalyst Jaret Seiberg said in a note to clients yesterday that the firm expects the GENIUS Act to pass “because TRUMP is pushing for its enactment.” “Our view is that members of the House Freedom Caucus will relent to the President’s demand even though they object to having to accept the Senate version of the bill,” Seiberg said. ( @realDonaldTrump – Truth Social Post ) ( Donald J. Trump – Jul 15...

The GENIUS Act, a landmark bill to regulate stablecoins in the US, could reach President Donald Trump’s desk as early as July 7, with crypto czar David Sacks calling next month a big one for digital assets. House Republicans are pushing to pass the GENIUS Act alongside the Clarity Act, which defines how different crypto assets should be regulated, and both could be bundled into a single procedural vote, Bloomberg reported , citing people familiar with the matter. The legislation could reach Trump’s desk as early as the week of July 7, the story said. Sacks teased the legislative momentum in a June 27 post on X, hinting at a potential GENIUS Act signing and progress on broader crypto rules. “July will be a big month, with a bill signing for GENIUS, and CLARITY going to the Senate!” he said. July will be a big month, with a bill signing for GENIUS, and CLARITY going to the Senate! — David Sacks (@davidsacks47) June 26, 2025 Sacks Says Crypto Will Hav...