The U.S. Congress has not been able to pass the procedural vote on cryptocurrency-related bills.

The postponement of the vote halts the cryptocurrency bills, while the Speaker of the U.S. House expressed that they will continue efforts in the coming days to advance this process.

MAIN CONTENT

  • The U.S. House of Representatives failed to pass the procedural vote on the cryptocurrency bill.

  • Leaders of the U.S. House of Representatives are expected to continue voting on Wednesday.

  • The Speaker of the House expressed dissatisfaction and is actively working with the opponents.

Why has the U.S. House of Representatives not been able to pass the cryptocurrency bill?

According to a report from Politico reporter on July 16, the U.S. House of Representatives failed to pass the procedural vote related to cryptocurrency bills. This incident causes significant obstacles to the legislative process in the field of cryptocurrency, reflecting the division of opinions among lawmakers.

Directly impacting the cryptocurrency market, this delay shows that the federal government is still in the process of carefully considering the legal and economic aspects involved.

What does the Speaker of the House say about the next steps?

In a recent statement, House Speaker Johnson affirmed that they would strive to restart the voting process on cryptocurrency bills this coming Wednesday. This shows the commitment of the House leadership to promote a legal framework for the increasingly developing digital finance sector.

"We hope to have the opportunity to vote again on Wednesday to ensure the cryptocurrency bill progresses in the right direction."
House Speaker Johnson, statement on July 16, 2024

What are the reactions and impacts from stakeholders?

The Speaker of the House is reported to be displeased with the group of lawmakers obstructing the legislative process. At the same time, discussions are ongoing to seek better consensus. However, according to announcements from the majority party representative, there are currently no plans to vote on additional cryptocurrency bills that day.

"There is no schedule for additional votes on cryptocurrency bills today."
Majority spokesperson in the House, July 16, 2024

How will the upcoming votes affect the cryptocurrency market?

Delaying the vote could cause short-term volatility in the cryptocurrency market due to uncertainty about the legal framework. However, according to analysts, when there is a clear legal framework, the market will be bolstered by confidence and attract stronger investment.

A Bloomberg report in 2024 indicates that countries with clear cryptocurrency laws have seen average market capitalization growth exceeding 35% over 12 months.

Investor and business expectations regarding cryptocurrency policy in the U.S.

Cryptocurrency investors and businesses desire stability and transparency in the law to facilitate the development of business and the application of blockchain technology. The U.S. House of Representatives’ efforts to push the bills are seen as a positive step, contributing to enhancing the reputation and potential of the industry.

Frequently Asked Questions

1. What has the U.S. House of Representatives voted on regarding cryptocurrency?

The U.S. House of Representatives just failed to pass the procedural vote for the cryptocurrency regulatory bills, paving the way for clearer legislation.

2. When will the next vote take place?

The Speaker of the House stated they would try again to vote on Wednesday, in order to continue the legal process regarding cryptocurrency.

3. How does the delay affect the cryptocurrency market?

Delays create temporary instability but long-term expectations will help build trust and drive investment.

4. How did the Speaker of the House react to this incident?

He expressed dissatisfaction and is actively working to find consensus within the House.

5. Are there any other cryptocurrency bills being voted on today?

Currently, there are no plans to vote on additional cryptocurrency bills today according to the latest announcement.

Source: https://tintucbitcoin.com/ha-vien-hoan-phieu-uu-tien-tien-ma-hoa/

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