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Rep. French Hill has recently confirmed that the House of Representatives has secured the necessary votes to pass three critical crypto-related bills by the end of the week. The bills in question include the GENIUS Act, CLARITY Act, and Anti-CBDC bill.
The initial attempt at passing these bills was met with strong opposition from Democratic lawmakers, resulting in a vote of 223-196 against the legislation. However, it appears that Rep. Hill has successfully secured the necessary votes to overcome this setback.
One of the key bills is the GENIUS Act, which aims to establish a clear regulatory framework for dollar-backed stablecoins within the United States. The bill seeks to ensure the growth and stability of these digital assets while protecting the financial system.
Another crucial bill is the CLARITY Act, which would provide clarification on the regulatory authority for the crypto industry in the country. Rep. Hill expressed his confidence that this bill will pass smoothly due to bipartisan support. This legislation is essential for the future development of the crypto market within the U.S.
The third and final bill is the Anti-CBDC Act, which seeks to prevent the creation of a central bank digital currency without prior approval from Congress. Rep. Hill has expressed his optimism that this bill will garner widespread bipartisan support. He believes this would lead to its swift passage through the legislative process.
As the House prepares for another vote on these bills, it is crucial for investors and stakeholders in the crypto space to closely follow updates and developments.
Source: coincentral.com
