Trump, bill and vote
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Technology Technology The Big Story Stablecoin bill clears House in key crypto victory The House passed a bill setting up a regulatory framework for payment stablecoins,
House members are meeting to debate over U.S. President Donald Trump's key Senate-passed domestic policy bill with lawmakers still aiming for a July 4 deadline to pass it.
The bill, known as the GENIUS Act, is the first major crypto legislation ever passed by Congress. It now heads to President Trump’s desk. It passed in a bipartisan vote of 308 to 122, with 206 Republicans and 102 Democrats supporting it.
Plus, jurors reached verdicts in four of five counts but are still deliberating racketeering charges in Sean "Diddy" Combs' federal trial.
President Trump has been urging lawmakers to send him the bill to sign into law by July 4, but also acknowledged the timeline is flexible.
Debate is set to begin in the House at 9 a.m. local time on July 2, after senators narrowly passed the sweeping tax bill on July 1 with a 51-50 vote.
Congress has advanced procedural vote on President Trump's "big, beautiful bill," while contending with GOP factions and razor-thin majorities.
The House voted to cut billions of dollars for foreign aid and public broadcasting early Friday morning, a win for President Donald Trump as he is plagued by GOP divisions over the release of the files of convicted sex offender Jeffrey Epstein.