The U.S. House of Representatives has advanced key cryptocurrency legislation to the final voting stage

On July 17, news from CoinDesk reported that the U.S. House of Representatives has advanced key cryptocurrency legislation to the final voting stage after nearly 10 hours of marathon voting. The procedural vote was held on Wednesday, and after some Republican lawmakers insisted on including anti-central bank digital currency (CBDC) provisions in the defense authorization bill, it was ultimately passed with a vote of 217 to 212. The stablecoin bill is expected to have its final vote as early as Thursday, and if passed, it will be sent to the president for signature. The Clarity Act and the GENIUS Act are also expected to face final votes soon, with the market widely anticipating bipartisan support for the related bills. $ETH