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President Donald Trump said that almost all the Republicans of the Chamber who blocked the adoption of a procedural vote on a set of Crypto Bill on Tuesday agreed to vote in favor of it, potentially paving the way for legislation to move forward at a time when the companies of the president are more deeply involved in the crypto.
Representative Marjorie Taylor Greene, R-GA., Arrives for a meeting of the Republican Chamber Conference to the … More
Key facts
Thirteen Republicans, mainly conservatives of the hard line, voted alongside the Democrats during a 196-223 vote against a procedural motion aimed at advancing three Crypto bills.
In an article on his Truth social platform on Tuesday evening, Trump said that he had a “brief discussion” at the oval office with “11 of the 12 members of the Congress / Women necessary to adopt the Act on Engineering” and “they all agreed to vote tomorrow morning in favor of the rule”.
Trump added that President Mike Johnson, R-La., Joined the meeting by phone and “can’t wait to take the vote as soon as possible”.
The post of the president did not mention what 11 of the 13 selected had met him and it is not difficult to know if the bill now has enough donors to allow the adoption of the procedural vote.
The bills include what is called the law of engineering to regulate stablecoins, the law on the clarity of the digital asset market and the anti-CBDC law on the state of surveillance.
Johnson told members of the Chamber’s members who blocked the legislation because they wanted to see the three bills gathered in a single package, which would allow them to further control the regulations.
Earlier Tuesday, Trump exhorted the Chamber to “make the first vote this afternoon” and told “all the Republicans” to “vote yes” in an article on Social Truth, recognizing what the Republicans have nicknamed the “Week of Cryptography”.
Chief critic
The representative Marjorie Taylor Greene, R-GA., Declared that she had voted against the rule to debate the legislation because the president of the Mike Johnson Chamber, R-La., Did not allow members to submit amendments and because the genius law does not include a ban on the digital currency of the central bank (although the anti-CBDC law of the Central Bank digital frame).
Key
The engineering law (guiding and establishing national innovation for American stablecoins) would legitimize the use of stabbed for issuers and parts of parts by establishing a regulatory framework. The law on the clarity of the digital asset market establishes which agency – the Securities and Exchange Commission or the Commodity Futures Trading Commission – regulates certain digital assets. The anti-central law on the surveillance state of the digital currency of the banking bank prohibits the federal reserve from issuing a digital currency of the central bank.
What to monitor
The room is expected to vote again on the rule later Tuesday. Voting against the movement of Crypto bills has effectively blocked business in the House, threatening the timely adoption of Trump’s demand to recover $ 9.4 billion in federal foreign aid and public media spending, such as Congress has until Friday to make the call under the 45 -day calendar.
Tangent
Trump pushes the legislation on cryptography, because his family businesses have deepened their involvement in the industry, in particular by the launch of the Crypto company, World Liberty Financial, which has several foreign investors. In the midst of the concerns of conflicts of interest, some Democrats fell their support for new cryptographic regulations.
Upon reading
The regulation of historical cryptography adopted by the Senate: what should be known about the law on the genius of the stable (Forbes)
The bills on cryptographic regulations supported by Trump fail to erase the main obstacles to Congress (CNBC)
Crypto bills have struck the procedural problem at the Congress (Reuters)
