Crypto Bills Squeak Through After Dramatic Standoff on House Floor
2025-07-16 17:55:29
Main Idea
The House's 'Crypto Week' is back on track with key bills like the GENIUS Act, CLARITY Act, and an anti-CBDC bill advancing towards final votes, despite initial opposition from some Republicans.
Key Points
1. The House passed key crypto-related bills, including the GENIUS Act (stablecoin regulation), CLARITY Act (crypto asset regulation), and an anti-CBDC bill, with a close vote of 215-211.
2. President Donald Trump played a role in rallying Republican support for the GENIUS Act, despite concerns it did not explicitly ban a U.S. CBDC.
3. Rep. Marjorie Taylor Greene initially opposed the GENIUS Act but later switched her vote to 'yes,' influencing other Republican holdouts to support the bill.
4. Rep. Anna Paulina Luna, who initially voted against the measure, flipped her vote after a meeting with Trump, citing assurances on preventing a CBDC in the U.S.
5. Despite the progress, 'Crypto Week' faced challenges, including internal Republican opposition and last-minute negotiations to secure votes.
Description
Holdout Republicans nearly derailed Crypto Week from proceeding once again—but backed off at the last minute.
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