Trump, Genius Act
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Bitcoin and other major cryptocurrencies traded higher Wednesday after President Donald Trump said he expects the House to pass the GENIUS Act.
Trump signs GENIUS Act into law after tumultuous crypto week as Bitcoin maintains $119K support with flag pattern targeting $181K breakout.
The GENIUS Act is back on track after Trump secured key support from lawmakers, setting up a vote that could revive pro-crypto legislation.
The House on Thursday passed a landmark piece of legislation to regulate cryptocurrency after its fate appeared in limbo when right-wing Republicans staged a rebellion that brought the floor to a standstill.