Washington – President Trump on Friday designed to sign a historic bill to regulate cryptocurrency, a day later a day later, despite some opposition from the bill a day after passing the bill.
Law called Talented actThe first major law to control the digital currency will be a regulatory structure for the $ 250 billion stabechoin market. Stabelcoins Relatively safe types are seen as a cryptocurrency, as their value is judged for other assets like dollars. Bill on Thursday passed the House with the support of 206 Republican and 102 Democrats.
The fate of the Genius Act was a question earlier this week when a dozen conservatives stopped a procedural vote. An agreement was eventually reached, and the holdouts allowed the law to move forward.
MPs also approved two other cryptocurrency bills, which they dubbed “Crypto Week” at the Congress. Clarity Act will regulate digital items beyond stablecoins, and Anti -CBDC The Monitoring State Act prevents the Federal Reserve from releasing any retail central bank digital currency directly to Americans.
Mr. Trump has been scheduled to sign the Genius Act at a ceremony at ET at 2:30 pm at the White House.
The Genius Act was not the only bill in which the House Republican wrote his hands this week. The Chamber approved a request from the President, which signed a change in the Senate in the bill known as a rescue package earlier this week, to bring back about 9 billion dollars in funding for public broadcasting for foreign aid and public broadcast.
Funding cuts had to pass To obstruct Democratic efforts to force the release of files related to guilty sexual criminal Jeffrey EpsteinFinally, the package passed the House with party lines, including two Republican Democrats, to vote against it. Bill rows around $ 8 billion for foreign aid efforts, including the US agency for international development and about $ 1 billion for public radio and television stations. The President is expected to sign it soon.
“Republican has tried to do so for 40 years, and failed … but not much,” Mr. Trump wrote on Truth Social, referring to the corporation cutting money, referring to the care of federal funds for NPR and PBS. “It’s big !!!”
Friday’s signature ceremony for the Genius Act is against the background of increased attention on Epstein case. On Thursday evening, Mr. Trump ordered Attorney General Palm Bondi to seek the release of Grand Jury content related to Epstein, a convicted sexual criminal who was killed in federal custody in 2019. Mr. Trump is Had to face rising pressure After the Department of Justice, more information about the case was asked to disclose that no more documents would be released after reviewing the evidence.
The President wrote, “Based on the ridiculous amount of publicity given to Jeffrey Epstein, I have asked Attorney General Palm Bandy to produce any and all relevant grand jury testimony, subject to the court approval,” the President has written, “the President has written. True social“This scam, issued by Democrats, should just be finished, now!”
Bondi said that the Department of Justice “is ready to transfer the court tomorrow to ignore the grand jury tape.” A judge makes a final call on whether the material can be made public, and the process may take weeks or months.
Mary Cunningham and Calin Yilek contributed to this report.
