Editor's PiCK
U.S. House Resumes Processing of Three Major Virtual Asset Bills…Brought to Plenary after 9-Hour Vote
Summary
- The Republican leadership of the United States House of Representatives has agreed to resume the processing of virtual asset (cryptocurrency) bills.
- It was announced that major bills such as the stablecoin regulation bill (GENIUS Act) and the market structure bill (CLARITY Act) can now be brought to a plenary vote.
- It was reported that the agreement involved inserting a CBDC prohibition provision into the National Defense Authorization Act (NDAA).
The Republican leadership of the United States House of Representatives has agreed to resume the processing of three virtual asset (cryptocurrency) bills that had been stalled over the issue of prohibiting Central Bank Digital Currencies (CBDCs).
According to Cointelegraph on the 17th (local time), after the longest procedural vote in House history, lasting nine hours, the rule for bringing the bills to the floor passed by a vote of 217 to 212.
This agreement was reached by inserting a provision prohibiting CBDCs into the National Defense Authorization Act (NDAA). As a result, major bills such as the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) and the Digital Asset Market Clarity Act (CLARITY Act) can now be brought to a vote in the plenary session.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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