Trump to sign landmark crypto bill, GENIUS Act
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The stablecoin bill, known as the Genius Act, and the crypto market structure bill, known as the Clarity Act, both received notable bipartisan support. Democratic lawmakers joined with Republicans to pass the stablecoin bill 308-122.
The House this week took up a trio of bills that would establish a federal framework for regulating the cryptocurrency industry. One of the measures cleared Congress and is on its way to enactment.
The U.S. House of Representatives has passed the CLARITY Act, a landmark bill that defines whether cryptocurrencies are securities or commodities.
The crypto sector's market value hit $4 trillion on Friday, according to CoinGecko, marking a milestone that reflects its shift from a nascent asset class to a central part of the global investment landscape.
The second attempt to advance a pair of crypto bills came after President Donald Trump intervened Tuesday evening to get the holdouts on board.
United States Congressional lawmakers debate key pieces of crypto regulatory bills on the floor of the House of Representatives.
A Republican clash over a CBDC ban momentarily delayed the industry's two legislative priorities, but the House is planning a long evening to make up for it.
A dozen House Republicans bucked Trump and Speaker Mike Johnson to prevent the legislation from advancing on the floor -- joining the entire Democratic caucus -- and, at least temporarily, freezing activity in the House. The final tally was 196-223.