Key Highlights:
- Oval Office intervention flips 11 GOP votes ahead of pivotal re-vote on landmark crypto legislation
- Follows failed Tuesday rule vote that nearly derailed “Crypto Week” momentum

Yello Paradisers! President Donald Trump pulled a political rescue act Tuesday night after a surprise defeat in the House earlier that day threatened to derail the most comprehensive crypto legislation effort to date.
After a string of personal phone calls and a late Oval Office meeting with Republican holdouts, Trump secured 11 of the 12 votes needed to revive the GENIUS Act, a stablecoin bill central to his administration’s digital asset agenda.
Tuesday’s Defeat and CBDC Concerns
The drama began earlier Tuesday when the House rejected a rule vote 196-223 that would’ve allowed the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act to advance to floor debate. The rejection caught House leadership off guard during what’s been billed as “Crypto Week”, a series of legislative moves meant to solidify America’s Web3 leadership.

The main concern? CBDC fears. Several conservative Republicans opposed the GENIUS Act out of concern it could open the door to a central bank digital currency, despite the bill’s language explicitly barring such a move. The text of the bill makes clear that it “shall not be construed as expanding the Fed’s authority to offer services directly to the public.”
But some members, including Rep. Marjorie Taylor Greene, weren’t reassured.
“I just voted NO on the Rule for the GENIUS Act because it does not include a ban on Central Bank Digital Currency,” Greene posted to X, also criticizing the lack of amendment opportunities.
Oval Office Meeting Flips the Vote
Trump’s personal engagement, including direct calls and a rare Oval Office sit-down, flipped 11 out of 13 GOP “no” votes. House Speaker Mike Johnson joined the meeting remotely and committed to a Wednesday morning re-vote, a calculated pivot designed to get the Senate-approved version of the GENIUS Act to the President’s desk without amendments.
That strategy is key. Any amendment would delay progress, sending the bill back through a procedural gauntlet. The Senate already passed it 68–30 in June, including support from 18 Democrats.
The GENIUS Act would require all stablecoin issuers to maintain full dollar reserves, establish clear federal oversight, and prohibit the Fed from offering direct-to-public services, a middle-ground many view as the first serious attempt at digital dollar guardrails.
What Comes Next: Stream and Private Insights
This will be discussed in our MCP News Private, including insider reactions from Tuesday’s failed vote and what the GENIUS Act could really mean for stablecoins like USDT, USDC, RLUSD, and even the long-teased Fedcoin. At just $3/month, it costs less than a bottle of water in an airport, and won’t evaporate the moment you open it.
YouTube analysis will follow up with a deeper breakdown, and real-time market reactions as the vote unfolds.
Crypto bills don’t pass on logic, they pass on leverage. And when the Oval Office calls, even rebels remember which block they’re on.