Trump says he has deal on crypto bill
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House Republicans cleared a key procedural hurdle Wednesday night to unlock consideration of a trio of cryptocurrency bills, unfreezing the floor after a two-day saga. The chamber adopted a rule
The House set a new record Wednesday for the longest vote ever held in the chamber in history, breaking a record that had only been set earlier in the month.
House passage of the measures marks a breakthrough for the digital assets sector and sends one of the bills to President Donald Trump.
The Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) to establish stablecoin regulations has already passed the Senate. The Digital Asset Market Clarity Act (CLARITY Act), expected to have at least some bipartisan support, would have placed new federal guardrails on cryptocurrency.
The votes come after a multiday Republican revolt during "crypto week" over language barring the creation of a central bank digital currency.
Florida lawmakers helped by the cryptocurrency industry are joining a House majority backing the first crypto regulatory bill adopted by Congress.
Trump and GOP lawmakers said that they had the votes necessary to pass landmark crypto legislation in the House.