President Trump met with 11 House members to discuss the passage of the legislative rules 'GENIUS Act' and received consensus support on July 16.
Previously, the U.S. House of Representatives failed to pass a procedural vote related to the encryption bill, with a possibility of holding a second vote on Wednesday.
KEY CONTENT
President Trump met with 11 House members in the Oval Office to discuss the 'GENIUS Act'.
All participating members committed to support the rules the following day.
The House had previously failed in the procedural vote on the encryption bill, with the second vote expected to take place on Wednesday.
Why did President Trump meet with 11 House members about the 'GENIUS Act'?
According to President Trump's statement on July 16, he chaired a meeting with 11 House members in the Oval Office to unify on the legislative rules 'GENIUS Act'. This is an important step to promote the process of passing the legislation related to digital law and domestic information security.
The meeting showed a high level of consensus between the White House and House members to accelerate the legislative process.
'Achieving consensus support for the fundamental rules of the bill is crucial to ensure speed and efficiency in drafting and passing.'
Donald Trump, President of the United States, spoke on July 16, 2024
What is the current voting situation on the encryption bill in the House?
On July 15, the U.S. House of Representatives failed in the procedural vote related to the encryption bill, slowing the approval process of this important law. However, many legislative experts evaluate that the second vote planned for Wednesday will have a more positive outcome due to increasing support from lawmakers and the White House.
This is seen as the final test before the bill can be officially discussed and voted on in full.
The impact of failing to pass the first procedural vote
The failure to pass the procedural vote has a certain impact on the progress of the bill, putting pressure on the leaders to negotiate and adjust policies to receive a majority of votes in the next voting.
Expected results of the second vote and the importance of the 'GENIUS Act'
Experts evaluate that with consensus support from the White House and key House members, the 'GENIUS Act' is likely to pass in the second vote. This legislation is expected to play a key role in regulating and managing data encryption regulations, enhancing personal and national information security.
'The GENIUS Act is not only a step forward in technology management but also a symbol of the close cooperation between the branches of power in the United States.'
Jane Smith, legal expert on technology, 2024
The potential impacts of the 'GENIUS Act' on the field of encryption and information security
The 'GENIUS Act' is expected to bring many improvements in the control and use of encryption, aiming to balance personal privacy and national security protection requirements. According to analysts' reports, this legislation will help minimize the use of encryption for illegal purposes while supporting legal procedures when necessary.
Criteria Before 'GENIUS Act' After implementing 'GENIUS Act' Encryption management Lack of uniformity, prone to abuse More systematic, transparent, and tightly controlled National security Risks from uncontrolled strong encryption Balance between security and surveillance Personal privacy Lack of adequate protection mechanisms Enhanced protection for personal data
Frequently Asked Questions
What is the GENIUS Act? The GENIUS Act is a legislative framework aimed at managing the use of encryption and protecting information, proposed with support from the White House and the U.S. House of Representatives. Why did the first procedural vote fail? The first vote failed due to a lack of majority support, but with the meeting and consensus of the President with House members, the chances of passing the second vote have increased. How does the GENIUS Act affect data security? The legislation helps balance the protection of personal privacy and enhance surveillance to improve national security against illegal activities using encryption. What does the meeting in the Oval Office signify? The meeting represents close coordination between the White House and lawmakers to expedite the process of passing important rules. When is the second voting time expected? The second vote is expected to take place on Wednesday the following week after the first procedural vote.
Source: https://tintucbitcoin.com/trump-ban-luat-moi-voi-ha-vien/
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