The bills up for debate as ‘Crypto Week’ continues
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It’s day two of “Crypto Week” in the US House.
The Rules Committee on Monday afternoon heard from fellow representatives on three crypto bills: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance Act.
House members then failed to pass a procedural vote Tuesday that would have advanced further debate around the bills. Thirteen Republicans voted against the motion (alongside Democrats), bringing the final tally to 196-223.
With the exact next steps unclear, it remains worth knowing about each potential law and what proponents and critics have to say:
GENIUS Act
This is the stablecoin-focused bill that Source link
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