Trump ensures that the Stablecoins law will be approved today

President Donald Trump said he is unlocking the legislation to regulate Stablecoins in the United States, and ensures his approval for today, Wednesday, July 16.

The president revealed that he reached a last minute agreement with the hard -line Republicans who had torpedo the advance of the Genius bill just a few hours before.

Trump announced on his Truth Social platform that he met in the Oval Office with 11 of the 12 dissident Republicans who stopped the legislative package on Tuesday.

“After a brief conversation, they all agreed to vote tomorrow morning in favor of the norm,” said Tuesday night, confirming that The president of the Chamber, Mike Johnson, expects a rapid vote to occur.

Johnson himself corroborated Trump’s intervention and thanked him for “ensuring the necessary votes.” This turn demonstrates that the surprise defeat on Tuesday will be reversed, when a dozen Republicans rebelled against leadership and joined their votes to the Democrats to prevent the progress of the law (196-223), temporarily paralyzing the agenda in the House of Representatives.

The internal rebellion arose from the demands of the conservatives, who They demanded to merge three bills related to cryptocurrencies (Clarity, Genius and Anti-CBDC) in a single package.

Legislators such as Marjorie Taylor Greene and Anna Paulina Luna also expressed their fear that the genius law would open a “rear door” to a digital currency of the Central Bank (CBDC) controlled by the government.

However, the Genius bill, for the stablcoins, includes provisions that would explicitly prohibit the Federal Reserve Create a retail CBDC.

In one of its sections it says that the bill It should not be interpreted as an extension of the Federal Reserve Authority to offer services directly to the public. This is clear that you cannot authorize digital wallets, personal accounts or everything that approaches the territory of the CBDC.

In addition, in parallel to the advancement of discussions about Genius, the Anti-CBDC bill proposes to prohibit the creation of any type of currency of the Central Bank. Meanwhile, Clarity raises a regulatory framework

Trump had already pressed his party strongly, urging them to approve the package of laws to put the nation “to light years from China, Europe and everyone else.” With the agreement already closed, the White House projects a legislative victory that coincides with a historical boom of digital assets and with the celebration of the cryptocurrency week in the United States, as cryptootics has been reporting.