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House breaks record for longest vote on rule for crypto bills
UNITED STATES, JUL 16 – The House GOP overcame opposition from conservative factions to advance three bills regulating stablecoins and blocking a Federal Reserve digital dollar without congressional approval.
- The House of Representatives set a record for the longest vote in history on a procedural measure for cryptocurrency bills, lasting roughly nine hours.
- The voting process faced opposition from several House GOP lawmakers, threatening its success, as they could only afford three 'no' votes.
- The Anti-CBDC Surveillance State Act became a crucial part of discussions, with conservatives concerned about the implications of cryptocurrency regulation on financial privacy.
- House Majority Whip Tom Emmer confirmed that the agreement on anti-CBDC protections is a significant win for financial privacy and economic freedom.
28 Articles
28 Articles
US House Passes Crucial Crypto Bills — From SEC Chair Paul Atkins To Coinbase CEO Brian Armstrong, Here's How Everyone Reacted - Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)
The bid to set clear working rules for the cryptocurrency industry in the U.S. got a booster pill Thursday as the House of Representatives passed key pieces of legislation.
‘They took it to the next level’: Emmer breaks down the Republican crypto rebellion
The NewsThe House GOP whip is warning conservative holdouts that their public rebellion on Wednesday — which forced the chamber into its longest vote in history — may not “100% guarantee” a clean victory on their cryptocurrency priorities.Rep. Tom Emmer of Minnesota said he “was, frankly, flattered” when Freedom Caucus members seized on his legislation banning a Central Bank Digital Currency to hold up two other digital assets bills and a defens…
Crypto Bills Advance After Longest House Vote in History
The U.S. House of Representatives advanced three major crypto bills late Wednesday after the longest vote in House history, a session that lasted nearly 10 hours and ended with a 217-212 vote. The three bills advanced for debate are the GENIUS Act, which sets rules for stablecoin issuers, the CLARITY Act, which defines which tokens will be regulated by the Securities and Exchange Commission (SEC) and Commodities Futures Trading Commission (CFTC)…
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