The Crypto Genius Act has officially passed, and this week has thoroughly become 'Crypto Week'!
A brief recap of the voting process:
1️⃣ Procedural Vote: Agenda votes were held on bills regarding stablecoins, digital asset regulation, CBDC restrictions, and defense budget, which must pass to enter formal debate.
2️⃣ Formal Vote: Four key bills were debated and voted on one by one, all passed and sent to the Senate.
The results of the three rounds of voting are as follows:
July 16, early morning: First round procedural vote failed, 196 votes against 223 votes (11 Republicans opposed)
July 17, early morning: Second round narrowly passed, 215 votes against 211 votes
July 18, early morning: Final vote won by a landslide, the stablecoin bill passed 308 votes against 122 votes (108 Democrats supported), all four bills ultimately passed 219 votes against 210 votes
A significant milestone worth recording!