US Edition
Trump-backed crypto regulation bills fail to clear key hurdle in Congress
UNITED STATES, JUL 16 – A procedural vote on three key crypto bills failed in the House after 13 Republicans joined Democrats in opposition, delaying legislation that could regulate $238 billion in stablecoins, lawmakers said.
- Last Tuesday, the U.S. House’s procedural vote failed, halting debate on three crypto bills.
- Amid Crypto Week, House Freedom Caucus objected to Senate-drafted bills, raising specific CBDC concerns, including Rep. Chip Roy's warning and Andy Harris's call to kill CBDC.
- Following the procedural setback, most major cryptocurrencies declined immediately after the vote, signaling market jitters, with Circle falling 5.3% to a session low.
- Despite the delay, the bills retain strong bipartisan support, and Speaker Mike Johnson said the House will retry the vote Wednesday.
- On Wednesday, the House plans to advance crypto bills by July 17, aiming to establish a stable framework for digital currencies, boosting U.S. treasury demand and industry activity.
116 Articles
116 Articles
The bitcoin flight is explained by a favourable legislative context across the Atlantic. Donald Trump's crypto week aims to make the United States the world leader in digital currencies.
Worcester grocery store closings lead to debate of city-run supermarket
The future of three crypto bills in Congress is uncertain after two days of House Republican infighting over the contents of the legislation and the process for moving it. House Speaker Mike Johnson spent around 10 hours trying to unite his conference enough to push through a procedural vote to approve rules of debate for the crypto bills and an adjacent Pentagon appropriations package. The rules were only approved after a group of ‘no’ votes fl…
Circle Internet Group (CRCL) Shares Rally As Trump's Intervention Revives Key Stablecoin Bill - Circle Internet Group (NYSE:CRCL)
Shares of Circle Internet Group are surging Wednesday morning. The stock is gaining following a legislative reversal in Washington.
Police investigating armed bank robbery in West Hartford
The future of three crypto bills in Congress is uncertain after two days of House Republican infighting over the contents of the legislation and the process for moving it. House Speaker Mike Johnson spent around 10 hours trying to unite his conference enough to push through a procedural vote to approve rules of debate for the crypto bills and an adjacent Pentagon appropriations package. The rules were only approved after a group of ‘no’ votes fl…
Coverage Details
Bias Distribution
- 71% of the sources are Center
To view factuality data please Upgrade to Premium
