US House Clears Procedural Hurdle for Crypto Bills

The U.S. House has cleared a major procedural hurdle toward establishing the first-ever stablecoin regulation and clearer crypto regulations. 

This comes after the House voted to advance three crypto-related bills, including the GENIUS Act, the Anti-CBDC bill, and the CLARITY Act. Recall that lawmakers had previously voted 196-223 against the advancement of the three bills. 

As reported earlier, the previous measure saw 13 Republicans join 210 Democrats to vote “Nay” against the bill. However, President Donald Trump urged House members, especially Republicans, to vote “yes” in the final procedural vote and position the United States as the leader in crypto.