Yesterday, bad news came for the Three Major Cryptocurrency Bill in the USA! Trump intervened, the issue is resolved! Critical voting today! Here are the details.

The cryptocurrency week in the US started with setbacks. Accordingly, the cryptocurrency laws expected to be voted on in the US House of Representatives this week have been postponed to a later date due to the failure of a procedural vote.

In the vote held yesterday, the proposal that would pave the way for the discussion of three important cryptocurrency bills was rejected with 196 "yes" votes against 223 "no" votes.

After the red decision, there has been a positive development in the laws that are of great importance for US President Donald Trump.

Trump intervened and announced that he held a meeting with House of Representatives members who opposed the procedural agreement for the GENIUS Act.

At this point, Trump stated that an agreement had been reached to hold another vote on July 16 and to advance the stablecoin proposal in the United States.

Donald Trump stated in a statement made on Truth Social that he met with 11 of the 12 people necessary for the passage of the GENIUS Act in the Oval Office.

According to Trump's post, the group agreed to hold a vote on the morning of July 16.

House Speaker Mike Johnson participated in the meeting via phone and stated that he was prepared to advance the vote as soon as possible. This update came after the House's procedural vote on the bill failed.

"I am currently with 11 of the 12 members of the House of Representatives who need approval for the passage of the GENIUS Act in the Oval Office at the White House. After a brief discussion, they all agreed to vote yes tomorrow morning.

I hope the voting takes place as soon as possible tomorrow. I express my gratitude to the representatives for their quick and positive responses.

What Are These Laws?

This week, referred to as "Crypto Week", two important legislative proposals are on the agenda of the Parliament: The National Innovation Guide and Creation Act for US Stablecoins (GENIUS) and the Digital Asset Market Transparency Act (Clarity).

The GENIUS Act envisions that the issuance of stablecoins is fully collateralized only by US dollars or similar liquid assets, requires annual audits for issuers with a market value of over $50 billion, and sets rules for the issuance of stablecoins abroad.

The Clarity Act aims to clarify the regulatory framework for crypto assets by providing a more comprehensive approach. The bill seeks to clarify the roles and jurisdictions of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), as well as requiring digital asset service providers to inform individual investors and separate customer funds from company assets.