Crypto bill fail to clear procedural vote in House
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Bitcoin price traded down while XRP, Ether, Solana and Dogecoin soared Thursday. Key legislation for crypto, including the GENIUS and CLARITY Acts are currently moving through Congress.
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Thirteen Republicans voted against a motion to advance three pro-crypto bills, 12 of whom Trump said would now vote differently.
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A political standoff has delayed a House vote on cryptocurrency legislation as Republicans struggle with timing constraints and internal disagreements over the GENIUS and Clarity acts.
The crypto industry will take a step closer to going mainstream this week as a series of industry-friendly bills progress through Congress, paving the way for digital assets to potentially be further integrated into traditional finance.
Over 1 in 5 top Trump appointees reported investments in crypto and other digital assets, far more than previous administrations, a Post analysis found.
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The crypto industry was headed for a landmark moment in the House with three bills that it helped push going to a vote. But a coalition of ultraconservative House Republicans staged a mutiny.
Georgia Republican Representative Marjorie Taylor Greene invoked the Bible on Wednesday to declare her opposition to a landmark cryptocurrency bill, equating the legislation’s potential impact to the Biblical end of times.