Genius, Clarity bills sail through House in major win for crypto – DL News

  • House lawmakers passed three crypto bills Thursday afternoon.
  • President Donald Trump is expected to sign the Genius Act into law on Friday.
  • Two other bills now head to the Senate, where they face stiff opposition from Democrats.

In a historic victory for crypto, the House of Representatives approved three industry-backed bills on Thursday, one of which President Donald Trump will sign Friday afternoon.

Two of the bills drew significant — an unexpected — bipartisan support.

The Clarity Act, which would install the Commodity Futures Trading Commission as the industry’s primary regulator, passed 294-134.

Most Democrats, furious the bill didn’t include language barring Trump from launching or promoting his own crypto companies, voted…

Source link