The main reason behind the pulled support was concerns regarding the lack of a “hard ban” on central bank digital currencies (CBDCs). “The GENIUS Act does not follow President Trump’s executive order because it does not ban a CBDC,” said Republican Marjorie Taylor Green in an X post.

Speaker Mike Johnson is putting pressure on Senate Republicans to pass President Donald Trump’s rescissions package. Johnson told reporters Monday

House Republican Speaker Mike Johnson paid tribute to President Donald Trump on Tuesday, portraying him less as an elected leader and more as a divinely chosen figure. He declared that Trump had been “miraculously” spared from an assassination attempt during the 2024 campaign,