A group of House Republicans blocked the advancement of the GENIUS Act, which aims to establish the first-ever regulatory framework for fiat-backed stablecoins.
“The House voted 196-223 on a procedural vote setting terms for floor debate on the GENIUS Act,” Axios noted.
This week has been dubbed “Crypto Week” as the House attempts to pass three pieces of crypto-related legislation.
Trending: We Asked AI Who Wrote the Fake Trump-Epstein Note, And the Answer It Gave Blew Our Minds
“HAPPY CRYPTO WEEK! The House will soon VOTE on a tremendous Bill to Make America the UNDISPUTED, NUMBER ONE LEADER in Digital Assets – Nobody does it better! The GENIUS Act is going to put our Great Nation lightyears ahead of China, Europe, and all others, who are trying endlessly to catch up, but they just can’t do it,” President Trump said Tuesday.
“Digital Assets are
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!