House passes historic crypto bill, GENIUS Act
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Crypto on The Street on MSN4m
Crypto markets remain flat even as House clears all three major crypto billsIn a week of landmark legislative wins for the crypto industry, the U.S. House of Representatives has now passed all three key bills — the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act. But despite what many in the industry have called a historic breakthrough, markets are barely reacting.
Crypto executives poured millions into Trump’s campaign, and now he’s helping to make their priorities into law.
The Genius Act passed in the House by a 308-122 vote after it was passed in the Senate last month with broad bipartisan support. The landmark legislation lays out the rules of the road for the $250 billion market for stablecoin,
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Cryptocurrency has gained a hold in Americans’ investment portfolios and their retirement accounts — and now it’s a step closer to their wallets for everyday use.
The House took a record nine hours to vote to advance the legislation Wednesday as Republican leaders negotiated with conservative holdouts who blocked the trio of bills.
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Investor's Business Daily on MSNCrypto Week: Is Congress About To Create A U.S. Shadow Banking Sector?The House voted to advance key crypto bills on Wednesday, after more than 9 hours of negotiations, President Trump intervention.
Bitcoin and other major cryptocurrencies traded higher Wednesday after President Donald Trump said he expects the House to pass the GENIUS Act.
Juan Leon, research analyst at Bitwise Asset Management, said these companies' ability to buy bitcoin suggests they represent a bigger source of recent demand than pension, endowment and hedge funds that are major players in stock and bond markets. Strategy and GameStop did not respond to requests for comment.