House passes 3 crypto bills with varying Democratic support
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The CLARITY Act and two other crypto bills passed the House with Republican and Democratic support after Maxine Waters criticized them as enabling a "corrupt crypto empire."
The second attempt to advance a pair of crypto bills came after President Donald Trump intervened Tuesday evening to get the holdouts on board.
US House passes CLARITY Act, bringing much-needed structure to the fragmented digital asset ecosystem and clarifying roles of SEC and CFTC.
The House is considering bills to provide regulatory clarity for cryptocurrency and the digital assets industry, including the GENIUS Act for stablecoins and the CLARITY Act.
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Republicans who voted against the cryptocurrency regulation legislation said they objected to how the bills were structured.
Crypto week,” the legislative bonanza in DC, is being treated like a victory lap by some, and causing others to research subsistence farming in case the global economy collapses as a result (Not kidding.
Congress is moving toward passing a series of bills that would be the first to regulate the crypto industry. The GENIUS Act regulates stablecoins while the Clarity Act regulates digital currency overall,
United States Congressional lawmakers debate key pieces of crypto regulatory bills on the floor of the House of Representatives.
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