This small House Republican caucus held US stablecoin bill hostage until Trump cracked the whip

A vote in the House of Representatives to move forward on a bill about stablecoins, called the GENIUS Act, initially failed because a small group of Republican members blocked it. These members wanted the House to combine the stablecoin bill with two other crypto-related bills, including one to ban central bank digital currencies. This group leveraged their votes, knowing that Republicans hold a slim majority in the House. The situation was resolved when former President Trump intervened, meeting with the dissenting members at the White House. Following the meeting, the holdouts reversed their position, seemingly after receiving assurances from Trump regarding their crypto priorities. The House is now set to vote on the stablecoin bill separately, thanks to Trump's intervention.