Trump Claims Victory After Persuading Republicans To Back GENIUS Act, Crypto Bills
President Donald Trump says he persuaded Republican lawmakers who had withdrawn support for the GENIUS Act to back the legislation.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...