"The U.S. House of Representatives has officially passed the GENIUS Act, a sweeping pro-cryptocurrency bill strongly backed by President Donald Trump and Treasury Secretary Scott Bessent. The bill now heads to President Trump’s desk, where it’s expected to receive his final signature — ushering in a “new era” for American financial innovation.
Passage wasn’t guaranteed. House Speaker Mike Johnson and GOP leadership faced unexpected resistance from RINO's, who initially refused to back the bill without a parallel commitment to block the Federal Reserve from launching a central bank digital currency (CBDC).
After nearly ten hours of procedural gridlock, Johnson struck a deal: the Anti-CBDC Surveillance State Act would be attached to the must-pass National Defense Authorization Act (NDAA) later this year. That assurance was enough to flip holdouts, clearing the path for the GENIUS Act to pass with strong bipartisan support."
TP
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