Trump locks in crypto bill support

Crypto Regulation Bills - House Republicans appear to have the support needed to move forward with key crypto regulation bills, boosting crypto prices [1] - The House is set to pass three major bills the crypto industry has been asking for: regulations on stable coins (Genius Act), market structure for digital assets (Clarity), and a ban on a central bank digital currency (CBDC) [2][3] - The stable coin bill already passed the Senate and is expected to pass in the House and potentially be signed into law before the end of the week [4] - The market structure and central bank digital currency bills are more complex and will need to go to the Senate, potentially taking longer to get done [5] - The crypto industry is particularly interested in the market structure bill, as it is expected to have a major impact [6] Political Considerations - Republican opposition to the crypto bills stemmed from concerns that passing the stable coin bill first would reduce pressure to ban a central bank digital currency [8] - Some House Freedom Caucus members are concerned that a central bank digital currency could lead to surveillance of Americans' financial transactions [8] - Trump reassured holdouts that a digital currency ban could be put in place, making them more comfortable moving ahead with the intended votes [9] Senate Action on Rescissions Package - The Senate is considering a rescissions package, with a key vote taken to advance the bill [11] - An agreement was reached to leave funding in place for a program meant to stop and prevent AIDS, unlocking some votes [12] - Funding for local radio stations is another area of concern for lawmakers [13] - The Senate must complete the rescissions package before Friday, the 45-day deadline [13]