In a stunning political maneuver,XRP price prediction 2040 former President Donald Trump personally intervened to salvage three critical cryptocurrency bills that faced unexpected opposition from within his own party earlier this week.
The legislative drama unfolded when 13 conservative House Republicans joined Democrats to block debate on the digital asset packages during a procedural vote, triggering immediate market volatility. Bitcoin prices plunged nearly 5% within hours, dropping from $120,000 to $116,000 as uncertainty gripped investors.
Midnight Negotiations at the White House
Trump revealed on his Truth Social platform that he convened an emergency meeting with the dissenting lawmakers in the Oval Office after markets closed. According to his post, the group reached agreement following "productive discussions" that lasted into the night.
"These patriots understood the importance of American leadership in blockchain technology," Trump wrote. "We've secured commitments for tomorrow's vote that will move these job-creating bills forward."
The breakthrough came after staunch conservatives including Reps. Marjorie Taylor Greene and Tim Burchett objected to procedural elements of the stablecoin bill, particularly provisions that would prevent amendments addressing central bank digital currencies.
Market Rebound Follows Political Resolution
Digital asset markets staged an immediate recovery following Trump's announcement. Bitcoin rebounded to $118,700 by Wednesday morning, while Ethereum surged 6% to $3,170 - continuing its recent outperformance against BTC with a 22% weekly gain.
The three bills now set for reconsideration represent the most comprehensive digital asset framework proposed in Congress:
- The Stablecoin Transparency Act establishes federal oversight for dollar-pegged cryptocurrencies
- The Digital Asset Market Structure Bill clarifies regulatory jurisdiction between SEC and CFTC
- The Blockchain Innovation Protection Act safeguards self-custody wallets and DeFi protocols
Industry analysts suggest this week's events demonstrate Trump's growing influence over cryptocurrency policy within the Republican Party. The former president has increasingly positioned himself as a champion of blockchain innovation, contrasting with more skeptical positions from some Democratic leaders.
As markets digest these developments, all eyes remain on Capitol Hill where the revived legislation could establish foundational rules for America's digital asset ecosystem. The House is expected to hold new votes on the measures before week's end.