cryptocurrency, bill and House
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The step forward came after several Republican holdouts ultimately flipped their votes after receiving assurances from GOP House leaders that one of the measures -- a bill to prevent the Federal Reserve from issuing a central bank digital currency (CBDC) -- would be attached to the must-pass National Defense Authorization Act.
The House of Representatives voted to regulate digital currencies and protect their owners on Thursday during what many lawmakers called "crypto week."
U.S. crypto investors moved a step closer to getting more regulatory clarity after the House of Representatives voted to advance three pieces of crypto-related legislation on Thursday, with one of them expected to be singed into law soon.
House Republicans promoted this week as the latest step for the U.S. to become the “crypto capital of the world.”
The House set a new record Wednesday for the longest vote ever held in the chamber in history, breaking a record that had only been set earlier in the month.
The House on Wednesday finally mustered the votes to adopt a rule governing floor debate on crypto bills and the Defense spending bill.
The Republican-controlled U.S. House of Representatives cleared key procedural hurdles on crypto legislation on Wednesday, a day after President Donald Trump intervened to save the initiative, paving the way for the first federal law for digital assets.
The House passed a key procedural vote advancing crypto bills GENIUS and Clarity, setting up final debate and votes.