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U.S. House Cancels Key Crypto Votes Amid Political Divisions
U.S. House Cancels Key Crypto Votes Amid Political Divisions
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BTCCSquare news:
The U.S. House of Representatives abruptly halted votes on two pivotal cryptocurrency bills—Clarity and GENIUS—following a procedural failure. The setback, occurring during "Crypto Week," underscores deepening political rifts over digital asset regulation. GENIUS, a stablecoin oversight bill, and Clarity, a broader framework proposal, now face indefinite delays.
A 196-223 procedural vote blocked advancement of the bills, exposing divisions—particularly around central bank digital currencies (CBDCs). GENIUS had cleared Senate approval and was nearing presidential review. The stalled legislation leaves the crypto industry in regulatory limbo as market participants await clarity on stablecoin rules and asset classification.
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