U.S. President Donald Trump has announced his successful attempts to persuade Republican lawmakers to return to supporting key crypto legislation.
Support for the Bills
In a post on Truth Social, Trump claimed that he met with 11 out of 12 dissenting Republican lawmakers and successfully urged them to vote in favor of the legislation during the next meeting of Congress.
Reasons for Opposition
The dissent among Republicans was primarily due to demands for the bills to include a ban on central bank digital currencies (CBDCs). Some lawmakers expressed concerns that the GENIUS Act could pave the way for a layered CBDC system.
Future of Voting
House Speaker Johnson has indicated that a re-vote on the bills is scheduled for Wednesday. Trump's diplomatic efforts are focused on regaining support among Republicans ahead of this critical vote.
The situation surrounding the crypto legislation in Congress remains tense, and ongoing negotiations may significantly impact its adoption.
