As of Thursday, the Senate had not taken up a vote on the GENIUS Act. The CLARITY Act passed through committee on Tuesday, setting the bill up for a full floor vote in the House. Some Democrats in both chambers have suggested they intended to oppose the bills without provisions to address Trump’s connections to the crypto industry. World Liberty Financial, the crypto platform backed by the president’s family, has issued its own stablecoin that could be used to personally enrich Trump while in office. Related: Bitcoin adoption fueled by ‘deglobalization,’ Trump’s ‘big, beautiful bill’ The appearance at the Coinbase event marked the second time Trump directly addressed crypto users since taking office. He also spoke in a prerecorded message at the Digital Asset Summit in New York City in March and in person at the Bitcoin 2024 conference in Nashville as part of his presidential campaign.
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