Crypto, House
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Crypto companies such as Coinbase Global and Circle have sought legislation to bring regulatory clarity to their businesses after costly battles with regulators under the Biden administration. They found allies in Trump and many Republicans after pouring money into last year’s election.
House passage of the measures marks a breakthrough for the digital assets sector and sends one of the bills to President Donald Trump.
House Republicans on Wednesday followed directions from President Donald Trump to move forward with a package of legislation that includes three cryptocurrency measures -- a day after hard-liners defied the president and tanked it.
The House on Thursday passed a bill setting up a regulatory framework for payment stablecoins, sending the cryptocurrency bill to President Trump’s desk and marking a major win for the industry. Lawmakers voted 308-122 to pass the GENIUS Act following a tumultuous “crypto week” in the chamber that saw competing GOP factions bring the
The House passed a key procedural vote advancing crypto bills GENIUS and Clarity, setting up final debate and votes.
On Thursday night, Republicans on the House Rules Committee sought to defuse political pressure around the explosive Epstein issue by adopting a non-binding resolution to possibly consider releasing the Epstein files in the future.
Congress had until the end of day on Friday to pass the rescissions request, or the funding would have had to be spent as originally intended.
House Republicans gave the final stamp of approval early Friday morning to a package of $9 billion in spending cuts to foreign aid and public broadcasting, handing a win to President Donald Trump.