Trump secures 11 GOP votes for GENIUS Act following Oval Office meeting after 196-223 defeat as vote expected tomorrow during "Crypto Week".

Backers of the Genius Act, a potentially landmark bill that could help "stablecoins" go mainstream, say it would greatly speed electronic payments.

Trump scrambles to save the GENIUS Act after a failed House vote blocked debate. Freedom Caucus opposed the crypto bills’ bundling with defense legislation. Trump

House Republicans failed to advance a key procedural motion that would have enabled debate on the GENIUS Act and other major crypto bills earlier today, Tuesday. The failed vote stalled the highly anticipated legislative push dubbed part of “Crypto Week,

The GENIUS Act is back on track after Trump secured key support from lawmakers, setting up a vote that could revive pro-crypto legislation.

Trump announces 11 of 12 congressmen agreed to advance GENIUS Act stablecoin legislation after Oval Office meeting, reversing Tuesday's failed procedural vote during Crypto Week.

Republicans who voted against the cryptocurrency regulation legislation objected to how the bills were structured.