Crypto, the bills
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On today's episode of CNBC Crypto World, bitcoin trades flat while ether and XRP rise. Plus, Coinbase announces an 'everything app' to replace the Coinbase Wallet. And, Rep. Bryan Steil (R-Wisc.) discusses the House's plans to pass crypto regulation bills after an hours-long delay.
After a record-breaking nine hours, the GOP-led House late Wednesday night finally advanced a trio of crypto bills to the floor for debate and consideration by a vote of 217-212.The step forward came after several Republican holdouts ultimately flipped their votes after receiving assurances from GOP House leaders that one of the measures -- a bill to prevent the Federal Reserve from issuing a central bank digital currency (CBDC) -- would be attached to the must-pass National Defense Authorization Act.
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 is about to clear Congress and become law.
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Thirteen Republicans voted against a motion to advance three pro-crypto bills, 12 of whom Trump said would now vote differently.
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A political standoff has delayed a House vote on cryptocurrency legislation as Republicans struggle with timing constraints and internal disagreements over the GENIUS and Clarity acts.
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Three cryptocurrency bills and the Defense spending bill appeared ready for House floor action after stalling out for much of Tuesday.
United States Congressional lawmakers debate key pieces of crypto regulatory bills on the floor of the House of Representatives.
The Senate overnight approved the White House’s $9 billion package of spending cuts to foreign aid programs and public broadcasting. The 51-48 vote on what’s known as a rescissions package