Trump, crypto and GENIUS Act
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Funding clawback: In a vote early Friday, Congress approved a White House request to claw back $9 billion for foreign aid and public broadcasting, after Republicans bowed to Mr. Trump in an unusual surrender of congressional spending power. The House’s 216-to-213 vote sent the package to Mr. Trump for his signature. Read more ›
Trump says crypto regulation bills that failed to advance earlier now have the votes to move forward
Republicans who voted against the cryptocurrency regulation legislation said they objected to how the bills were structured.
"These bills are a gift-wrapped invitation for Trump to continue his full-scale crypto con," warned Rep. Maxine Waters.
The House this week took up a trio of bills that would establish a federal framework for regulating the cryptocurrency industry. One of the measures is about to clear Congress and become law.
Trump showed a draft letter to fire Fed Chair Powell during a GOP crypto discussion, raising questions on presidential authority.