Trump, cryptocurrency and House of Representatives
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The Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) to establish stablecoin regulations has already passed the Senate. The Digital Asset Market Clarity Act (CLARITY Act), expected to have at least some bipartisan support, would have placed new federal guardrails on cryptocurrency.
Crypto week,” the legislative bonanza in DC, is being treated like a victory lap by some, and causing others to research subsistence farming in case the global economy collapses as a result (Not kidding.
Marissa joins cryptocurrency expert Les Borsai to talk about 'crypto week' in the House of Representatives. The Daily Show host had some important words for MAGA supporters upset with Donald Trump's reversal on releasing the Epstein files. The ski queen let her unmentionables make an appearance during the most glamorous night in sports.
House Republicans are struggling with cryptocurrency legislation that they had expected to pass during what they dubbed “crypto week.”
The House narrowly passed an earlier procedural vote to reopen a motion to debate after that motion failed on 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 in favor before the House can vote on the actual bills.
The House is set to vote on a series of high-stakes bills backed by the cryptocurrency industry, after top Republicans brokered a deal with a group of dissenters in their ranks.
The GENUIS Act, a stablecoin bill, has already passed the Senate and looks set to become the first standalone crypto measure signed into law. The market structure package called the CLARITY Act could be held up as Democrats have concerns about President Trump's growing crypto empire.
President Donald Trump wished everyone a "Happy Crypto Week" on Truth Social on July 15. The House will soon vote on the GENIUS bill to make America the "UNDISPUTED, NUMBER ONE LEADER" in crypto assets. BTC Volatility Hit Historic Lows as ETF Inflows Transformed Market Dynamics: Bybit & Block Scholes Monthly Report