Crypto bills face setbacks in House as Republicans struggle to forge consensus
The future of three key cryptocurrency regulation bills remained uncertain on July 16 after a prolonged and contentious debate in the Republican-controlled US House of Representatives. The legislation, designed to create the first federal framework for digital assets, was delayed for over nine hours as GOP (Grand Old Party) lawmakers struggled to find common ground. However, late on July 16, after intervention by President Donald Trump, the bills were cleared for debate, paving the way for a potential breakthrough in what had been described as Crypto Week on Capitol Hill.
The trio of bills includes the GENIUS Act, which passed the Senate in June, as well as the CLARITY Act and a controversial measure to block the Federal Reserve from…
