Trump, crypto and House
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Crypto, Congress
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The House passed a key procedural vote advancing crypto bills GENIUS and Clarity, setting up final debate and votes.
A nearly 10-hour procedural vote, the longest in House history, saw GOP lawmakers flip-flop on major crypto bills amid late-night talks.
The U.S. House of Representatives stalled out on a procedural vote to advance to a final poll on key crypto legislation Wednesday, after passing an earlier procedural motion. The House voted earlier Wednesday to reconsider debate on a motion to set how the chamber would move forward on the bills after that rules motion saw a hiccup Tuesday when the House Freedom Caucus voted against advancing to debate and a final vote.
The House is considering three bills that would regulate digital currencies. The first, the GENIUS Act, is expected to quickly pass and head to President Donald Trump's desk by Friday.
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Newser on MSNIt's 'Crypto Week' at the House of RepresentativesIn a dramatic turn for digital currency, the US House is dedicating the coming week to "Crypto Week," with a series of bills that could reshape how Americans pay, save, and invest, Axios reports. Once sidelined by Wall Street,
This week, the House will vote on the GENIUS act, a bill to regulate stablecoins. Here’s what that could mean for the future of asset-backed cryptocurrencies.
Cryptocurrencies—particularly an asset class known as stablecoins—will take center stage in Washington next week during the House of Representatives self-proclaimed “Crypto Week.”
The crypto industry will take a step closer to going mainstream this week as a series of industry-friendly bills progress through Congress, paving the way for digital assets to potentially be further integrated into traditional finance.
Bitcoin has fallen below the $117,000 level on Tuesday after cryptocurrency-related bills were blocked in the House of Representatives.