President Donald Trump calls on the Republicans in the House of Representatives to “make the first vote this afternoon” on a bill to regulate the stable-for payment within the framework of the Party push to adopt cryptographic legislation before the recreation of the congress in August.
In an article on Tuesday on his social media platform Truth Social, Trump ordered all Republicans to vote yes on the guidance and the establishment of national innovation for American stables, or Genius Act, a bill designed to regulate the stables of payment in the United States.
Legislation is one of the three bills, as well as those to combat the market structure and digital currencies of the Central Bank, which Republican leaders have pushed as part of the Party “crypto week” plans.
The law on engineering, which was adopted by the Senate in June with bipartite support despite the initial resistance of many Democrats, is expected to go for a ground vote in the House by Thursday. At the time of publication, the bill was to be examined by the room this week, but it was not clear if the room planned to vote on Tuesday.
Trump has personally been examined for his role in the thrust of stable legislation because of his involvement in his cryptographic company supported by the World Liberty Financial (WLF), which published its own stablecoin and suggested a conflict of interest.
Bloomberg reported on Friday that Binance had helped create a Stablecoin USD1 from WLF, also used by an investment company based in Abu Dhabi to settle an investment of $ 2 billion in the exchange of crypto.
In relation: The Congress opens a debate on the Crypto bill with the allegations of “Gop Giveaway” to industry
This is a history in development, and additional information will be added as it will be available.
