๐จ Breaking News: GENIUS Act to Pass Today? ๐จ
President Trump claims the GENIUS Act will be passed today after speaking with all holdouts, according to Bloomberg reports. Let's break it down .
- *The GENIUS Act Update*: After a procedural setback earlier this week, Trump met with GOP holdouts and secured their support. He announced that 11 out of 12 Congress members necessary for passage have agreed to vote in favor of the Rule.
- *Key Players Involved*: Trump, House Speaker Mike Johnson, and other congressional leaders have been working together to advance the GENIUS Act. Johnson participated in a strategy call and expressed enthusiasm for expediting the legislative process.
- *Current Status*: The House has advanced the GENIUS Act after Trump secured GOP support. The rule passed with a final tally of 215-211, clearing the way for floor debate and potential final votes on the crypto bills later this week.
*Predictions and Analysis:*
- *Passage Today*: Given Trump's claim and the recent progress, it's possible that the GENIUS Act could pass today. However, the final hurdle is the House Floor Vote, expected within the next 1-2 days.
- *Market Impact*: If passed, the GENIUS Act could be a game-changer for digital asset regulation in the United States. Crypto prices might surge, and investor confidence could boost.
- *Next Steps*: After passing the House, the bill would move to the President for signature. Given Trump's public support, he might sign it into law quickly, potentially within days.
*What's Next?*
The crypto community is eagerly waiting for the final vote. If the GENIUS Act passes, it could mark a significant milestone for US crypto policy. Stay tuned for further updates!
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