US EditionCrypto bills stall amid GOP infighting, leaving House in limbo
U.S. HOUSE OF REPRESENTATIVES, WASHINGTON D.C., JUL 17 – House Republicans overcame internal opposition to advance three cryptocurrency bills, including the GENIUS Act, after nine hours of debate and intervention by former President Trump.
- On Thursday, the U.S. House of Representatives failed to advance three crypto bills, with a 196-223 vote rejecting the measure.
- Following the 'Crypto Week' declaration, progress stalled due to disagreements among House Republicans over merging provisions.
- Alongside stablecoin regulation, the GENIUS Act would define market rules for crypto products, and a third bill would bar the Federal Reserve from issuing a digital currency.
- After the prolonged procedural vote held open for over four hours, Bitcoin jumped nearly 2% to about $119,259, reflecting investor response.
- Lawmakers are scheduled to hold the next procedural vote today at 12:20 p.m. ET, and if it passes, the House could vote on the crypto legislation later this week.
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69 Articles
House sends GENIUS Act to Trump, sends other cryptocurrency bills to Senate
WASHINGTON, DC (CBS) — The House on Thursday passed a landmark piece of legislation to regulate cryptocurrency after its fate appeared in limbo when right-wing Republicans staged a rebellion that brought the floor to a standstill. The bill, known as the GENIUS Act, is the first major crypto legislation ever passed by Congress. It now heads to President Trump’s desk. It passed in a bipartisan vote of 308 to 122, with 206 Republicans and 102 Democ…
Associated Press News
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Colorado Springs Gazette
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The House has advanced three crypto bills after an hourslong impasse over language barring the creation of a central bank digital currency. After more than nine hours, the House voted 217-212 Wednesday night in favor of a procedural vote that…
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House Republicans cleared a key procedural hurdle on Wednesday to unlock consideration of a trio of cryptocurrency bills, unfreezing the floor after a group of 12 hardline conservatives revolted on Tuesday.
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