President Donald Trump has announced that he made a deal with most of the House Republicans who derailed a procedural vote on a package of legislation, including three cryptocurrency bills.Trump wrote on Truth Social on Tuesday night: "I am in the Oval Office with 11 of the 12 Congressmen/women necessary to pass the GENIUS Act and,

U.S. President Donald Trump intervened late on Tuesday to persuade Republican holdouts in the House of Representatives after a failed procedural vote on cryptocurrency bills dampened optimism surrounding digital asset firms.

Republicans who voted against the cryptocurrency regulation legislation objected to how the bills were structured.

The main reason behind the pulled support was concerns regarding the lack of a “hard ban” on central bank digital currencies (CBDCs). “The GENIUS Act does not follow President Trump’s executive order because it does not ban a CBDC,” said Republican Marjorie Taylor Green in an X post.

Blockchain is the technology underpinning all cryptocurrencies, and many related products like non-fungible tokens (NFTs). In essence, it is a virtual spreadsheet on which all the buying and selling of crypto is recorded. They are arranged in blocks linked together in a giant chain - hence the name.

Plus: Johnson tells Bondi to explain statements{beacon}PRESIDENT TRUMP and Congress are moving this week to address the burgeoning artificial intelligence (AI) and cryptocurrency industries, as

If you bet “Donald Trump ends an investigation into a Peter Thiel-backed cryptocurrency platform,” you can claim your winnings. According to Bloomberg, two investigations into the prediction market Polymarket have been shut down by the Trump administration, just in time for Republican lawmakers’ planned “Crypto Week.”

Speaker Mike Johnson is trying again to pass landmark cryptocurrency legislation this week after Tuesday’s failed rule vote. This time, President Donald Trump says he has the votes.