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Trump persuades Republicans to support crypto legislation

Trump convinces GOP lawmakers to back three key crypto bills ahead of House vote.

July 16, 2025 at 02:06 AM

Trump cuts deal to end Republican revolt on crypto bills

President Donald Trump successfully influenced Republican lawmakers to support key crypto bills in Congress.

Trump persuades Republicans to support crypto legislation

On July 15, President Donald Trump announced that he had convened a meeting with 11 Republican lawmakers to urge them to support three crypto bills during an upcoming House session. This move comes after some party members withdrew their backing, demanding a ban on central bank digital currencies. Trump's intervention was praised by House Speaker Mike Johnson and aims to push forward the legislation as part of a GOP initiative dubbed 'Crypto Week'. Meanwhile, some Republicans raised concerns over existing proposals and sought amendments to ensure adequate protections against CBDCs. Further legislative discussions will continue as the House reconvenes on Wednesday.

Key Takeaways

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Trump gathers Republican support for crypto bills

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Concerns over central bank digital currencies persist

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Legislation aims to pass before August recess

"I am in the Oval Office with 11 of the 12 Congressmen/women necessary to pass the GENIUS Act."

Trump claims his direct meetings led to renewed support for key crypto legislation.

"I just voted NO on the Rule for the GENIUS Act because it does not include a ban on central bank digital currency."

Representative Marjorie Taylor Greene explains her opposition to the current version of the GENIUS Act.

Trump's involvement in the crypto legislation highlights a deeper intersection between politics and technology. As he rallies support among Republican lawmakers, the debate over CBDCs illustrates the varied opinions within the party. This not only reflects ongoing tensions about cryptocurrencies but also serves as a barometer for the larger public sentiment regarding government control in digital finance. The Republican agenda for crypto laws may face challenges from Democrats, who are positioning themselves against these bills in an apparent counter-strategy.