House passes 1st major regulation for crypto industry
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The crypto industry was headed for a landmark moment in the House with three bills that it helped push going to a vote. But a coalition of ultraconservative House Republicans staged a mutiny.
"Crypto Week" kicks off in the U.S. as lawmakers debate key bills that could reshape digital asset regulation. Here’s what the legislation means for Bitcoin, investors, and the future of crypto in America.
House Republicans are struggling with cryptocurrency legislation that they had expected to pass during what they dubbed “crypto week.”
U.S. President Donald Trump on Tuesday stepped in to broker an agreement among Republican lawmakers after a snag cast doubt on the fate of long-awaited cryptocurrency legislation that would mark a major victory for the digital assets sector.
Bitcoin flipped Amazon to become the fifth-largest global asset, fueled by investor excitement for more regulatory clarity after “Crypto Week” in Washington.
On Tuesday, a dozen conservatives sank a procedural vote to advance three crypto bills, including the GENIUS Act, which would establish a regulatory framework for the $250 billion market for stablecoins, a type of cryptocurrency tied to the value of an asset like the U.S. dollar.
Crypto Week has seen U.S. lawmakers advance three key crypto bills, indicating a shift toward clear rules for stablecoins, tokens, and CBDCs.
Congressional Republicans are poised to notch their biggest win ever in a yearslong legislative push to enact rules benefiting the cryptocurrency industry — but most eyes during the House GOP’s “crypto week” are likely to be fixed on Democrats.
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One in five of Trump’s closet allies hold significant cryptocurrency assets - Several cabinet members, including Vice President JD Vance and Treasury Secretary Scott Bessent, have all reported persona