U.S. House Passes Procedural Rules for Crypto Bills
The post U.S. House Passes Procedural Rules for Crypto Bills appeared on BitcoinEthereumNews.com.
Key Points: Narrow House vote advances key crypto bills with anti-CBDC provisions. Republican leaders rally support amidst internal opposition. Market awaits impact on stablecoin regulation and CBDC restrictions. The U.S. House of Representatives’ procedural vote moved forward bills related to cryptocurrency on July 17th, following extensive efforts by Republican leaders. Key figures, such as Steve Scalise and Mike Johnson, played pivotal roles in rallying support amidst internal opposition. Following the vote, Republican leaders pledged to include anti-CBDC provisions in the National Defense Authorization Act. The GENIUS Act, aimed at modernizing financial regulation, could face a vote as early as tomorrow. Donald Trump urged support, influencing the outcome. The vote underscores the volatile political landscape influencing cryptocurrency regulation in the U.S. Steve Scalise, House Majority Leader, stated, “posted new procedural voting times for the GENIUS Act, CLARITY Act, and Anti-CBDC Act, confirming the expected legislative action Wednesday afternoon.” Source U.S. House Advances Crypto Legislation Amidst Political Tensions The U.S. House of Representatives’ procedural vote moved forward bills related to cryptocurrency on July 17th, following extensive efforts by Republican leaders. Key figures, such as Steve Scalise and Mike Johnson, played pivotal roles in rallying support amidst internal opposition. Following the vote, Republican leaders pledged to include anti-CBDC provisions in the National Defense Authorization Act. The GENIUS Act, aimed at modernizing financial regulation, could face a vote as early as tomorrow. Donald Trump urged support, influencing the outcome. The vote underscores the volatile political landscape influencing cryptocurrency regulation in the U.S. In the wake of these developments, immediate implications for stablecoin regulation and CBDC deployment emerged. The GENIUS Act proposes strict reserve requirements for stablecoin issuers, while the CLARITY Act aims to restrict CBDC development. This legislation could significantly reshape the U.S. digital currency landscape, particularly impacting stablecoins like USDC and USDT. Market…
