House passes ‘crypto week’ legislation after Republican revolt

House passes ‘crypto week’ legislation after Republican revolt


The House has passed a tranche of landmark cryptocurrency bills, including legislation that is expected to be the first major crypto regulatory measure ever signed into law.

The House voted on Thursday to pass the Digital Asset Market Clarity Act, the Anti-Central Bank Digital Currency Surveillance State Act, and the Guiding and Establishing National Innovation for U.S. Stablecoins Act. The votes come after a multi-day conservative Republican revolt meant to secure language barring the creation of a central bank digital currency.

The GENIUS Act, which establishes a regulatory framework for payment stablecoins, passed in a 308-122 vote, with 102 Democrats joining Republicans. A dozen Republicans voted against it. The legislation already passed the Senate in a bipartisan 68-30 vote, so it will now head to President

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