Several bills related to the cryptocurrencies supported by US President Donald Trump were unable to pass the key procedural vote in the House of Representatives (Lower Chamber of the US Congress). Later, Trump said that the group that opposed the consideration of these documents changed their opinion after a meeting in the White House and will now vote “for”, reports RBC Crypto.
Three keys for the crypto car of the bill-Genius Act (regulation of stablecoins), Clarity ACT (regulation of crypto), Anti-CBDC Surveillance State ACT (about the supervision of the digital dollar from Federal Reserve) were to be discussed by the House of Representatives this week, announced earlier as the previously announced as “Crypton editors.”
On the afternoon of July 15, Trump wished the “happy cryptonel” and called on the Congress to support the Genius Steabelcoins Law, but the adoption of all three bills was in jeopardy after unexpected voting results in the House of Representatives. 196 people voted for the approval of the bill, and 223 against. At the same time, not a single Democrat voted in for, and 13 Republicans voted “against”.
Democrats accuse Trump of the adoption of bills “legalize an unprecedented corruption scheme involving cryptocurrency by the US president.” Republicans, voting “against”, said that they would like to make a number of amendments to the documents.
In the evening of the same day, Trump said that he discussed in the White House the adoption of Genius with a group of Republicans, which voted “against”. According to him, congressmen have changed their position and are ready to support the law.
“I am in an oval office from 11 of 12 congressmen/congresswomen necessary for the adoption of the Genius law, and after a short discussion, they all agreed to vote tomorrow morning for this rule,” Trump wrote on the Truth Social social network.
The market expected the bills to be adopted, journalists noted. But after the failure of the rally of cryptocurrency companies, the fall showed. The shares of the circle (CRCL) issuer decreased by more than 7%, the paper of the Coinbase exchanger (Coin) – by more than 4%. The shares of the largest miner Mara (Mara) lost about 2%.
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Source: Cryptocurrency
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