Phyrex
Phyrex|Jul 15, 2025 18:39
Republicans in the US House of Representatives failed to pass a procedural motion, resulting in three cryptocurrency bills including stablecoin regulations and a defense spending bill being unable to enter the formal review stage. Voting result: 196 in favor vs 222 against The main encryption laws included are: GENIUS Act (stablecoin regulation) CLARITY Act (Regulation of Digital Asset Market Structure) Anti CBDC Surveillance State Act (to prevent excessive monitoring of central bank digital currencies) During the rules committee stage, the Democratic Party criticized these bills with "generous donations from the cryptocurrency industry," while emphasizing that "defense spending" should be prioritized on the agenda, ultimately leading to the failure of procedural motions.
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