00:00It's Benzinga, bringing Wall Street to Main Street
00:02House Republican leaders are set to advance the Genius Act after Trump said he persuaded
00:07conservatives to support it, according to Bloomberg. Earlier in the day, a group of
00:12GOP hardliners joined Democrats to block a procedural rule, derailing what Trump had
00:16dubbed Crypto Week. By evening, Trump posted on Truth Social that he had met with 11 of the 12
00:21necessary lawmakers and secured their commitment to vote for the bill Wednesday morning.
00:25House Speaker Mike Johnson confirmed the plan and thanked Trump for stepping in.
00:31Representative Marjorie Taylor Greene said she wants the stablecoin bill amended to ban the
00:35Federal Reserve from issuing a digital currency. Other conservatives echoed the demand online,
00:40which would require the Senate to reconsider the bill. Senator Tom Tillis warned that any
00:45unapproved changes could doom the legislation. For all things money, visit Benzinga.com.
Comments