GENIUS Act, Anti-CBDC Act, and CLARITY Act Pass Procedural Vote in Congress

Key Points

1. The procedural motion passed with a vote of 215-211, overcoming a previous defeat that threatened the digital asset legislation agenda.

2. The GENIUS Act, which has already passed the Senate with bipartisan support, establishes federal licensing requirements for stablecoin issuers and mandates full backing with U.S. creditors.

3. The Anti-CBDC Surveillance State Act explicitly prohibits the Federal Reserve from issuing a central bank digital currency.

4. The CLARITY Act addresses regulatory clarity for digital assets, though specific details were not provided in the article.

5. President Trump's direct intervention and personal diplomacy were key in securing the votes needed to advance the legislation.