Crypto, Major Win and Stablecoin Bill
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The House is considering bills to provide regulatory clarity for cryptocurrency and the digital assets industry, including the GENIUS Act for stablecoins and the CLARITY Act.
On Monday, Greene joined the MAGA blowback over how the Trump administration has handled the Jeffrey Epstein files, telling CNN’s Manu Raju that the FBI and DOJ’s flip-flops on the late child sex offender’s alleged “client list” were crossing a “red line.”
The US Congress has passed the GENIUS Act — the first federal bill aimed at regulating stablecoins, a type of cryptocurrency tied to the value of the US dollar. Also on the programme: the US Federal Reserve weighs inflation risks and Trump’s tariff threats The BBC's Victoria Craig speaks to Boston Fed President Susan Collins.
On Tuesday, a dozen conservatives sank a procedural vote to advance three crypto bills, including the GENIUS Act, which would establish a regulatory framework for the $250 billion market for stablecoins, a type of cryptocurrency tied to the value of an asset like the U.S. dollar.
The U.S. House of Representatives appeared poised to pass key crypto legislation on Thursday, including the creation of a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins,
Bitcoin rose to over $120,000 on Monday, breaking the cryptocurrency’s all-time high as Congress considers several pieces of pro-crypto legislation. The digital currency peaked at around $122,600 mid-afternoon Monday before declining to around $116,
After an earlier setback for the Trump administration when House Republicans failed to advance a key procedural vote on a package of legislation including three crypto measures, President Donald Trump said late Tuesday he has made a deal with Republican members of Congress to advance the legislation on Wednesday.