'Crypto Week' Is Stuck Again as House Procedural Vote Drags On
Main Idea
The U.S. House of Representatives faced procedural delays in advancing its 'Crypto Week' agenda, including key crypto-related bills, due to opposition from the House Freedom Caucus and unresolved legislative negotiations.
Key Points
1. The House Freedom Caucus voted against advancing a procedural motion, delaying debate and a final vote on crypto-related bills.
2. A deal was proposed to merge the anti-CBDC bill with the Clarity Act, but this could lose some legislative support.
3. The procedural vote on the rules motion passed narrowly with a 217-215 margin, highlighting divisions within the House.
4. President Donald Trump reportedly intervened by speaking to 11 lawmakers to address the deadlock.
5. The House's 'Crypto Week' agenda includes major bills like the Clarity Act, GENIUS Act, and Anti-CBDC Surveillance Act, but progress has been stalled.
Description
The U.S. House of Representatives stalled out on a procedural vote to advance to a final poll on key crypto legislation Wednesday, after passing an earlier procedural motion. The House voted earlier Wednesday to reconsider debate on a motion to set how the chamber would move forward on the bills after that rules motion saw a hiccup Tuesday when the House Freedom Caucus voted against advancing to debate and a final vote. While the rules motion is procedural, a majority of lawmakers need to vote i...
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