Crypto Legislation Hits House Floor: High-Stakes Vote on GENIUS, CLARITY Acts Nears
2025-06-30 21:44:11
Main Idea
The U.S. House of Representatives may vote on two crypto-related bills, the GENIUS Act and the CLARITY Act, as early as next week, marking a significant step toward establishing a regulatory framework for digital assets in the U.S.
Key Points
1. The GENIUS Act and the CLARITY Act could be voted on by the House of Representatives soon, potentially advancing U.S. crypto regulation.
2. Senator Cynthia Lummis emphasized the urgency of passing both bills this year to support the crypto industry under the new administration.
3. Senator Tim Scott and Bo Hines, head of the White House’s Council of Advisers on Digital Assets, committed to finalizing crypto market structure legislation by September 30, 2025.
4. The push for clearer crypto regulations aligns with the White House’s blockchain-friendly stance and aims to position the U.S. as a leader in the crypto space.
Description
The U.S. House of Representatives may vote on two pieces of crypto legislation as soon as next week, a June 29 report from Punchbowl News shows. Crypto Legislation To See Rare Double Vote By the House According to the Sunday report , the congressional chamber will host a single procedural vote on both the GENIUS Act and the CLARITY Act as soon as the week of July 7. Following the procedural vote, each bill will then go on to face its own full vote on the House floor. Should either piece of crypt...
Latest News
- Why Is Crypto Down Today? – July 4, 20252025-07-04 11:13:52
- US Spot Bitcoin ETFs See $1B Inflows in Two Days After Brief Outflow Streak2025-07-04 10:58:34
- FTX Seeks Court Approval for Restricted Jurisdiction Claims as 82% of Value Comes from Chinese Users2025-07-04 10:30:05
- Binance Launches Institutional Loans With Up to 4x Leverage, Zero Interest Offers2025-07-04 09:58:20
- Chinese Tech Giants Alibaba and JD.com Urge Central Bank Approval for Yuan-Based Stablecoins2025-07-04 09:40:08