Trump signs Genius Act into law
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The House of Representatives voted to regulate digital currencies and protect their owners on Thursday during what many lawmakers called "crypto week." The House voted 308-222 to approve the Guiding and Establishing National Innovation for U.
The House of Representatives voted Thursday to pass a trio of cryptocurrency bills pushed for by President Donald Trump.
GENIUS Act, Anti-CBDC Act, and CLARITY Act pass procedural vote 215-211 in Congress after Trump's Oval Office intervention.
On Tuesday, a dozen conservatives sank a procedural vote to advance three crypto bills, including the GENIUS Act, which would establish a regulatory framework for the $250 billion market for stablecoins, a type of cryptocurrency tied to the value of an asset like the U.S. dollar.
The House of Representatives passed the GENIUS Act, making it the first major piece of federal legislation to regulate stablecoins.
The US House advances debates on key US crypto legislation, including bills on stablecoins, digital asset oversight, and anti-CBDC measures.
In a major step toward establishing regulatory clarity for digital assets, the House of Representatives passed the Guiding and Establishing
After clearing a procedural hurdle in the House of Representatives by a 215-211 vote on 16 July, the GENIUS Act now heads to floor debate, having already secured bipartisan Senate