Congress Passes Final Procedural Vote on Crypto Bills, Members to Make Final Decision on GENIUS Act Today

The three crypto bills including the GENIUS Act, Clarity Act, and Anti-CBDC Act now have a clear path to President Trump’s desk. The inclusion of the anti-CBDC language in the defense bill has reassured more House members to vote for the crypto bills. The final House vote on the GENIUS Act is expected on Thursday. In a narrow 217 to 212 vote, the U.S. House of Representatives has passed a key procedural hurdle, clearing the way for a final floor vote on a slate of crypto bills. A final vote on the GENIUS Act, which would create a federal framework for stablecoins, could now happen as soon as today, Thursday. The successful vote marks a major breakthrough for what has been dubbed “Crypto Week” in Washington. The Deal That Broke the Deadlock The procedural vote was able to pass after a key compromise was reached. An earlier attempt to advance the bills failed when several Republican lawmakers objected to language in the GENIUS Act, fearing it might inadvertently open the door for a Central Bank Digital Currency (CBDC). Related: Trump Pushes GENIUS Act Back on Track as French Hill Confirms House Votes An intervention from President Donald Trump app… The post Congress Passes Final Procedural Vote on Crypto Bills, Members to Make Final Decision on GENIUS Act Today appeared first on Coin Edition .

Source: Coin Edition