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The U.S. House of Representatives has passed a rule vote, and the cryptocurrency bill is expected to be voted on tomorrow.
BlockBeats News, July 17th, according to reporter Eleanor Terrett's report, the U.S. House of Representatives passed a procedural rules vote by a slim margin of 217-212, paving the way for key bills related to cryptocurrency, defense spending, and more. The vote lasted nearly 10 hours, setting a new record for the longest vote in the U.S. House of Representatives.
Some Republican lawmakers changed their positions multiple times within 24 hours, shifting from opposition to support and back to opposition, before ultimately settling on support. Following the passage of the procedural vote, the House leadership pledged to include an anti-CBDC (Central Bank Digital Currency) provision in the National Defense Authorization Act (NDAA).
The GENIUS Act and a potential CLARITY Act are expected to be brought to the floor for a final vote as early as tomorrow. The GENIUS Act is seen as a significant step towards modernizing financial regulation, including strict reserve requirements for stablecoin issuers and provisions limiting CBDC development.
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