AssetID: 54921516
Headline: UNCAPTIONED: Trump Intervenes to Rescue Key Crypto Legislation Amid GOP Split
Caption: Trump Intervenes to Rescue Key Crypto Legislation Amid GOP Split. U.S. President Donald Trump stepped in Tuesday to unite divided Republicans after a failed procedural vote in the House of Representatives jeopardized a series of major cryptocurrency bills. The vote setback sent crypto stocks tumbling, including Circle and Coinbase. But by evening, Trump said he'd met with nearly all the lawmakers needed to get the legislation moving again — and secured their support for a vote the next morning. This week, dubbed "Crypto Week" by House Republicans, features efforts to give the digital asset industry long-sought clarity and legitimacy. The proposed bills include a regulatory framework for stablecoins — digital tokens tied to the U.S. dollar — and rules for classifying crypto tokens as commodities. One bill also aims to block the creation of a U.S. central bank digital currency, a move conservatives argue could threaten financial privacy. A successful vote would mark a major milestone for crypto regulation in the U.S. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current affairs & Politics,Trump,crypto legislation,GOP split,House of Representatives,procedural vote,cryptocurrency bills,crypto stocks,Circle,Coinbase,lawmakers,support,Crypto Week,House Republicans,digital asset industry,regulatory framework,stablecoins,U.S. dollar,crypto tokens,commodities,central bank digital currency,financial privacy,crypto regulation,U.S.
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