news 
Title: Trump Cracks Whip, Small House Republican Caucus Relents and Allows Passage of Stablecoin Bill
In a dramatic turn of events, the House of Representatives has finally cleared the way for a landmark stablecoin legislation to move forward after President Donald Trump intervened directly with a group of recalcitrant Republicans. The bill, known as the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, was effectively held hostage by a small caucus of House Freedom Caucus members.
The group, comprising 13 conservative lawmakers, had initially refused to support the bill, demanding that it be bundled with two other digital asset bills. This stance brought proceedings in the chamber to a grinding halt, as the GOP’s slender majority was threatened.
In an extraordinary move, Trump summoned the rebellious members to the White House for an impromptu meeting, reportedly lasting just 15 minutes. Sources close to the discussions described the interaction as a “short and sweet” affair.
Following the Oval Office summit, Trump took to his social media platform to announce that 11 out of the required 12 votes had agreed to reverse their stance and support the rule. While specific details of the agreements remain private, it appears that Trump secured commitments from the lawmakers to prioritize their key concerns, particularly the prohibition on central bank digital currencies (CBDCs).
Speaker Mike Johnson, who was only reachable by phone during the negotiations, issued a public statement expressing gratitude for the President’s involvement in resolving the impasse.
The sudden resolution clears the way for separate votes on each of the digital asset bills. The GENIUS Act is now set to proceed with its own dedicated vote, a development that has lifted market expectations and sparked renewed optimism among enthusiasts.
CryptoSlate will continue to monitor this developing story as it unfolds.
Source: cryptoslate.com
