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.
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" 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.
Ark., was beaming as he left the House of Representatives chamber Thursday afternoon. After years of committee hearings and behind-the-scenes work -- plus a brief disruption from some House Republicans this week -- the House approved three measures aimed at establishing modern regulations for cryptocurrencies and other digital assets.
Crypto Week has seen U.S. lawmakers advance three key crypto bills, indicating a shift toward clear rules for stablecoins, tokens, and CBDCs.
House Speaker Mike Johnson (R-LA) and members of his conference have been meeting throughout the day to discuss their concerns.
Shares of Robinhood surge nearly 200% from all-time lows, boosted by bullish analyst calls, rising earnings forecasts, and a wave of pro-crypto sentiment from Washington.
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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