Bitcoin and other major cryptocurrencies traded higher Wednesday after President Donald Trump said he expects the House to pass the GENIUS Act.

Sen. Elizabeth Warren (D-Mass.) once again voiced her concerns about cryptocurrency-related bills on Wednesday, citing President Donald Trump’s involvement and potential Big Tech exploitation. During an interview with Bloomberg,

Thirteen Republicans voted against a motion to advance three pro-crypto bills, 12 of whom Trump said would now vote differently.

House Republicans on Wednesday followed directions from President Donald Trump to move forward with a package of legislation that includes three cryptocurrency measures -- a day after hard-liners defied the president and tanked it.

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.

As the Crypto Week gets underway, Donald Trump is urging all Republicans in the House to vote in favor of the GENIUS Act.

Sen. Elizabeth Warren (D-Mass.) once again voiced her concerns about cryptocurrency-related bills on Wednesday, citing President Donald Trump’s involvement and potential Big Tech exploitation. During an interview with Bloomberg,

The GENIUS Act is good news for Ethereum because it is likely to ban competing yield-bearing stablecoins that often offer higher and simpler returns.