House to vote on historic crypto bill
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The House of Representatives voted Thursday to pass a trio of cryptocurrency bills pushed for by President Donald Trump.
The U.S House of Representatives has passed the bill 'Clarity Act' seeking clarity for the creation of non-fungible token-based gaming coins.
The U.S. House of Representatives on Thursday passed a bill to create a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins, sending the bill to President Donald Trump,
U.S. crypto investors moved a step closer to getting more regulatory clarity after the House of Representatives voted to advance three pieces of crypto-related legislation on Thursday, with one of them expected to be singed into law soon.
The House is considering bills to provide regulatory clarity for cryptocurrency and the digital assets industry, including the GENIUS Act for stablecoins and the CLARITY Act.
After a week of squabbling in Washington, the cryptocurrency industry secured one of its primary legislative objectives and made progress toward a second one.
On July 17, the US House passed the CLARITY Act; the bill is now heading to the Senate, where it faces a more complex path.
The CLARITY Act and two other crypto bills passed the House with Republican and Democratic support after Maxine Waters criticized them as enabling a "corrupt crypto empire."
The House this week took up a trio of bills that would establish a federal framework for regulating the cryptocurrency industry. One of the measures cleared Congress and is on its way to enactment.
Two of the legislations — the GENIUS Act and the CLARITY Act — were passed with significant bipartisan support.