Crypto Legislation Stalls in U.S. House โ Trump Responds with Sharp Criticism ๐ค๐
Todayโs developments in Washington sent shockwaves through the crypto world.
Three major cryptocurrency-related bills failed to pass in the U.S. House, with a close vote of 196โ223. This outcome halts several key regulatory initiatives:
๐น GENIUS Act โ Aimed at establishing stablecoin oversight
๐น Digital Asset Market Clarity Act โ Proposed framework for crypto exchange compliance
๐น Anti-CBDC Surveillance State Act โ Intended to prevent the creation of a federal digital currency
๐ Why This Matters:
Despite increasing bipartisan interest in crypto regulation, internal GOP divisions and opposition from Democrats ended any chance of debate on the floor.#BinanceHODLerERA