House Passes GENIUS Act After ‘Crypto Week’ Delays: Here’s What To Know
The post House Passes GENIUS Act After ‘Crypto Week’ Delays: Here’s What To Know appeared on BitcoinEthereumNews.com. Topline The House approved legislation to regulate stablecoins Thursday and is expected to vote on two other crypto bills later in the day after conservatives blocked the legislative package for a record nine hours Wednesday, defying President Donald Trump’s demands for what Republicans have dubbed “crypto week.” House Speaker Mike Johnson, R-La., speaks at a press conference following a House Republican … More conference meeting on Capitol Hill on July 15, 2025 in Washington, DC. (Photo by Kevin Dietsch/Getty Images) Getty Images Key Facts The House passed the stablecoin bill, known as the Guiding And Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, in a 308-222 vote, sending it to Trump’s desk for a signature. The House approved the rules for debate for the three bills late Wednesday, clearing a procedural hurdle to tee them up for final votes Thursday, after the initial rules vote failed amid a conservative revolt. House Speaker Mike Johnson, R-La., told reporters “I do,” when asked if he expects all three bills to pass Thursday. What Are The Three Bills? The Anti-Central Bank Digital Currency (CBDC) Act, the Digital Asset Market Clarity Act of 2025 and the Guiding And Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. What Is The Genius Act? The legislation establishes a regulatory framework for stablecoins, a type of cryptocurrency often tethered to the value of the U.S. dollar or another asset, which makes them a more secure investment than other cryptocurrencies. The act would establish guidelines for banks and other entities that issue stablecoins, and safeguards for stablecoin holders. What Is The Anti-Cbdc Act? It would prohibit the Federal Reserve from issuing a central bank digital currency, which critics say could facilitate financial monitoring and surveillance by the federal government. House leadership agreed to attach the bill to the National…
The post House Passes GENIUS Act After ‘Crypto Week’ Delays: Here’s What To Know appeared on BitcoinEthereumNews.com.
Topline The House approved legislation to regulate stablecoins Thursday and is expected to vote on two other crypto bills later in the day after conservatives blocked the legislative package for a record nine hours Wednesday, defying President Donald Trump’s demands for what Republicans have dubbed “crypto week.” House Speaker Mike Johnson, R-La., speaks at a press conference following a House Republican … More conference meeting on Capitol Hill on July 15, 2025 in Washington, DC. (Photo by Kevin Dietsch/Getty Images) Getty Images Key Facts The House passed the stablecoin bill, known as the Guiding And Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, in a 308-222 vote, sending it to Trump’s desk for a signature. The House approved the rules for debate for the three bills late Wednesday, clearing a procedural hurdle to tee them up for final votes Thursday, after the initial rules vote failed amid a conservative revolt. House Speaker Mike Johnson, R-La., told reporters “I do,” when asked if he expects all three bills to pass Thursday. What Are The Three Bills? The Anti-Central Bank Digital Currency (CBDC) Act, the Digital Asset Market Clarity Act of 2025 and the Guiding And Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. What Is The Genius Act? The legislation establishes a regulatory framework for stablecoins, a type of cryptocurrency often tethered to the value of the U.S. dollar or another asset, which makes them a more secure investment than other cryptocurrencies. The act would establish guidelines for banks and other entities that issue stablecoins, and safeguards for stablecoin holders. What Is The Anti-Cbdc Act? It would prohibit the Federal Reserve from issuing a central bank digital currency, which critics say could facilitate financial monitoring and surveillance by the federal government. House leadership agreed to attach the bill to the National…
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