White House pressuring congress to fast-track Genius Act: report

The White House pushes the congress to accelerate the adoption of the Act on Engineering, a bill to regulate the stables of payment.

This pressure is accompanied by the objective of returning it to the president Donald Trump office within two months, Crypto in America reported.

The bill, presented by Senator Bill Hagerty, adopted the senatorial banking committee on March 13 with a vote of 18 to 6 years. It should reach the Senate soil for debate next month, the leader of the majority John Thune supervising his progress.

If the bill provides strong bipartisan support – to reach 70 votes – the White House and the main legislators can push to bypass a process of reconciliation with the stable act of the Chamber.

This news on the legislation on the office of Trump in two months complies with the previous statements of the White House During its cryptographic round tables and Digital Asset Summit.

Marking of stable acts

The stable act, sponsored by the representatives French Hill and Bryan Steil, is planned for the increase in the Chamber’s Financial Services Committee on April 2. While some legislators want to resolve the differences between the two bills, others urge the Chamber to adopt the Senate version to avoid delays.

“The pressure is already rising to move the bill quickly,” said crypto cryptographic lobbyist in America. “If Genius obtains 70 votes, there will be a lot of pressure for the house to be broken and exceeds it.”