House Advances Crypto Bills After Record Nine-Hour Vote
The post House Advances Crypto Bills After Record Nine-Hour Vote appeared on BitcoinEthereumNews.com. The U.S. House of Representatives late Wednesday cleared a key procedural hurdle for cryptocurrency legislation The U.S. House of Representatives late Wednesday cleared a key procedural hurdle for cryptocurrency legislation, voting 217–212 to adopt House Resolution 580 after an unprecedented 9-hour-45-minute roll-call ─ the longest in chamber history. The rule opens floor debate on three digital-asset bills as well as the fiscal 2026 defense appropriations measure, ending a two-day standoff that had frozen activity in what Republican leaders dubbed “Crypto Week.” Passage of the rule revives the GENIUS Act, a Senate-approved bill that would create the first federal regulatory framework for U.S. dollar-backed stablecoins; the Digital Asset Market Clarity Act, which seeks to split oversight of cryptocurrencies between the Securities and Exchange Commission and the Commodity Futures Trading Commission; and the Anti-CBDC Surveillance State Act, aimed at barring the Federal Reserve from issuing a retail central-bank digital currency. A first attempt to advance the package failed 196–223 on 15 July when 210 Democrats and 13 Republicans broke ranks. President Donald Trump personally pressed Republican holdouts in the Oval Office, helping flip eight votes and secure Wednesday’s outcome. Speaker Mike Johnson said the House will take up the GENIUS Act on 18 July, with the market-structure bill likely the following week and anti-CBDC language slated for inclusion in the National Defense Authorization Act. If the lower chamber passes the stable-coin bill unchanged, it would go directly to Trump’s desk, positioning the United States for its first comprehensive federal crypto statute. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/regulation/house-advances-crypto-bills-after-record-nine-hour-vote-543a9419
The post House Advances Crypto Bills After Record Nine-Hour Vote appeared on BitcoinEthereumNews.com.
The U.S. House of Representatives late Wednesday cleared a key procedural hurdle for cryptocurrency legislation The U.S. House of Representatives late Wednesday cleared a key procedural hurdle for cryptocurrency legislation, voting 217–212 to adopt House Resolution 580 after an unprecedented 9-hour-45-minute roll-call ─ the longest in chamber history. The rule opens floor debate on three digital-asset bills as well as the fiscal 2026 defense appropriations measure, ending a two-day standoff that had frozen activity in what Republican leaders dubbed “Crypto Week.” Passage of the rule revives the GENIUS Act, a Senate-approved bill that would create the first federal regulatory framework for U.S. dollar-backed stablecoins; the Digital Asset Market Clarity Act, which seeks to split oversight of cryptocurrencies between the Securities and Exchange Commission and the Commodity Futures Trading Commission; and the Anti-CBDC Surveillance State Act, aimed at barring the Federal Reserve from issuing a retail central-bank digital currency. A first attempt to advance the package failed 196–223 on 15 July when 210 Democrats and 13 Republicans broke ranks. President Donald Trump personally pressed Republican holdouts in the Oval Office, helping flip eight votes and secure Wednesday’s outcome. Speaker Mike Johnson said the House will take up the GENIUS Act on 18 July, with the market-structure bill likely the following week and anti-CBDC language slated for inclusion in the National Defense Authorization Act. If the lower chamber passes the stable-coin bill unchanged, it would go directly to Trump’s desk, positioning the United States for its first comprehensive federal crypto statute. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/regulation/house-advances-crypto-bills-after-record-nine-hour-vote-543a9419
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