logo

The Encryption Bill Stalls in House Procedural Vote, Extending the Stalemate of "Encryption Legislation Week"

By: theblockbeats.news|2025/07/17 00:11:45

BlockBeats News, July 17th: On Wednesday, the U.S. House of Representatives faced a deadlock in advancing key cryptocurrency legislation through a procedural vote. Despite earlier passing a preliminary procedural motion, consensus could not be reached on advancing three core crypto bills to a final vote.


On that day, the House narrowly passed the first procedural motion by a vote of 217-215, deciding to reconsider the debate rules on how to advance the legislation—a process that was stalled on Tuesday due to opposition from the House Freedom Caucus. The final vote resulted in 210 in favor to 218 against, with Republicans needing to flip at least 4 opposing votes to continue the legislative process.


The focus of the controversy was on the stablecoin bill. While the House has its own STABLE Act, this time it will be voting on the Senate version known as the GENIUS Act. Members of the Freedom Caucus collectively voted against it on Tuesday as they were not involved in drafting the stablecoin bill. According to Politico, President Trump reached an agreement with 11 dissenting members on Tuesday night, promising to merge the anti-CBDC bill with the Clarity Act (market structure bill) in exchange for their support. However, sources suggest that this move may result in some Democrats withdrawing their support.


This vote is a key agenda item for Congress's "Crypto Legislation Week." If the market structure bill is approved by the House, it will be sent to the Senate for consideration; while the stablecoin bill can be directly sent for the President's signature. Insiders point out that the House leadership did not adequately consult with the Republican caucus before announcing "Crypto Legislation Week," leading to numerous setbacks in the legislative process this week.

EstateX (ESX) Prognose: Rallye auf 0,01 $ trotz Skeptikern?
WEEX stiehlt BlockchainRIO 2025 die Show

Das könnte Ihnen auch gefallen

Teilen
copy

Gewinner

Neueste Krypto-Nachrichten

13:34

Pavel Durov: Telegram startet Cocoon, ein offenes Netzwerk für sicheres Rechnen, im November

13:32

RIVER Public Sale Countdown 1 Stunde: BNB-Abonnement innerhalb von 48 Stunden geöffnet, Rückerstattung zum niedrigsten Auktionspreis Deal

13:30

Fed Decision Preview: Policy Statement Kann Änderungen der folgenden Abschnitte

13:27

Fed Meeting Preview: Pressekonferenz könnte Hawkish Surprise bringen

13:25

「100% Win Rate Whale」 Goes Long on SOL mit Positionsgröße über 100 Millionen US-Dollar

Mehr lesen
Community
icon
icon
icon
icon
icon
icon
icon
icon

Kundenservice@weikecs

Geschäftliche Zusammenarbeit@weikecs

Quant-Trading & MM[email protected]

VIP-Services[email protected]