Three US crypto bills clear procedural vote after initial failure
2025-07-16 17:57:30
Main Idea
Three US crypto bills have been revived in the House of Representatives after an initial failure, with Republicans pushing for reconsideration despite some internal dissent and the need for potential Democratic support.
Key Points
1. The US House of Representatives voted 215-211 to reconsider three Republican-led crypto bills after an initial failure.
2. Five Republicans opposed the bills, citing concerns over the lack of CBDC provisions in the stablecoin bill (GENIUS Act).
3. Some Republicans raised issues about potential conflicts of interest related to President Donald Trump.
4. Republicans hold a slim majority and may require Democratic support to pass the legislation.
5. The GENIUS Act initially failed due to insufficient support, but the vote has now been reopened for reconsideration.
Description
Though the House of Representatives may soon be able to consider the three bills, President Donald Trump didn't get all Republicans to fall in line to support the legislation.
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