📢 US Congress Passes 3 Important Bills Related to Crypto
The United States House of Representatives (DPR) officially passed House Resolution 580 (H. Res. 580) which paves the way for parliamentary debate on three main bills: Clarity Act, GENIUS Act, and Anti-CBDC Bill.
🗳️ This resolution passed with 217 votes in favor and 212 against, after a long and uncertain voting process. It also recorded the longest voting duration for legislation on crypto and stablecoins supported by the Republican Party.
Initially, this bill was rejected (220 against vs 209 in favor), but the House held a re-vote on Wednesday (July 16) and successfully reversed the outcome after intensive lobbying from Republican leaders.
🇺🇸 Former President Donald Trump also stated that he instructed Republican members to switch their support to this package.
This bill includes defense funding as well as three important pieces of legislation related to digital assets. The next step is a rules vote to determine whether this package is worthy of further discussion in parliament.