A historic day for crypto organizations and investors in the US and around the world. So you should set an alarm to wake up and mark this day with excitement and think about whether to move over there to avoid the time zone difference 😆😆
💥💥 The official voting results in the US House of Representatives
1. The Senate had previously approved it, and yesterday the House continued to approve the procedural step.
2. The official voting results of the GENIUS Act have been announced:
- Passed with a score of 308–122, marking broad support for the stablecoin legal framework.
- Two other bills have also been passed:
CLARITY Act (distinguishing SEC/CFTC) with a score of 294–134.
Anti-CBDC Act (banning the Fed from issuing CBDC) with a score of 218–210.
3. The bill has been sent to President Trump for signing --> this is an important step forward in Crypto Week.
💥💥 Significance:
- The stablecoin law has been passed --> opening the door for banks and financial institutions to officially issue stablecoins (USD-pegged).
- Creating the greatest trust ever for crypto in the US, especially for stablecoins + ecosystem.
- The CLARITY and Anti-CBDC bills further reinforce a transparent legal framework and limit the power to issue CBDC from the Fed.
💥💥 Please share last week's post in more detail about the bill so those who haven't read can understand better!
--- Nice day ---