According to journalist Eleanor Terrett, the U.S. House of Representatives narrowly passed a vote on procedural rules by 217-212, paving the way for votes on key bills such as cryptocurrency and defense spending. The vote lasted nearly 10 hours, setting a record for the longest vote in the U.S. House of Representatives.
Some Republican lawmakers changed their positions multiple times within 24 hours, from opposition to support to opposition, and finally to support. After a procedural vote, House leadership promised to include anti-CBDC (central bank digital currency) provisions in the National Defense Authorization Act (NDAA).
The GENIUS bill, which is seen as an important step in modernising financial regulation and includes strict reserve requirements for stablecoin issuers and provisions restricting the development of CBDCs, and a possible CLARITY bill will be put before parliament for a final vote as soon as tomorrow.
The US House of Representatives has passed a rule vote, and the cryptocurrency bill is expected to be voted on tomorrow
2025-07-17 03:26:21
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