US House Advances Stablecoin GENIUS and Crypto Market Structure Bills
Following a lengthy debate, the U.S. House has moved key crypto legislation forward, including provisions against CBDCs, with a stablecoin bill vote expected soon.
Summary
The U.S. House of Representatives has advanced significant crypto legislation to the final voting stage after nearly 10 hours of debate, passing a procedural vote 217-212. This legislation incorporates anti-central bank digital currency (CBDC) clauses within the National Defense Authorization Act. A vote on the stablecoin bill is anticipated as early as Thursday, with bipartisan support expected for the GENIUS and CLARITY Acts.
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