SecurityTokenizer
Subscribe Our Newsletter
House Votes to Advance GENIUS Stablecoin Bill, Crypto Market Structure Act
209
Jul 17, 2025
The U.S. House narrowly advanced landmark cryptocurrency legislation Wednesday, including a stablecoin regulatory framework and market structure rules, after a controversial procedural vote.
By a 215-211 vote, the House agreed to move forward with the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which creates federal oversight for stablecoin issuers and could reach President Donald Trump’s desk by week’s end. Lawmakers also cleared the Digital Asset Market Clarity Act, establishing comprehensive crypto market regulations and clarifying roles for the SEC and CFTC, alongside a measure barring the Federal Reserve from issuing central bank digital currencies (CBDCs) directly to individuals. Not a single Democrat representative supported advancing the bills, following a tense earlier procedural vote that initially stalled the effort on Tuesday.
Update: While H. Res. 580 first cleared a hurdle today, the vote to formally adopt the resolution (Roll Call 198) fell short, marking yet another stumbling block for crucial crypto bills such as the GENIUS Act, Clarity Act, and Anti-CBDC
Source >> .House Votes to Advance GENIUS Stablecoin Bill, Crypto Market Structure Act
Trending News
Subscribe Our Newsletter
