Close Menu
CatchTheBullCatchTheBull
  • Home
  • Crypto News
  • Bitcoin
  • Altcoin
  • Blockchain
  • Airdrops News
  • NFT News
What's Hot

a16z Advocates for Regulatory Evolution in Tokenized Securities

July 24, 2025

Ether Machine Boss Snubs Bitcoin, Backs Ethereum As Superior Bet

July 24, 2025

Crypto Liquidations Tops $667M Led By Altcoins

July 23, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
CatchTheBullCatchTheBull
  • Home
  • Crypto News
  • Bitcoin
  • Altcoin
  • Blockchain
  • Airdrops News
  • NFT News
CatchTheBullCatchTheBull
Bitcoin

GENIUS Act clears House vote, stablecoin law could pass this week

By WebDeskJuly 16, 20252 Mins Read
GENIUS Act clears House vote, stablecoin law could pass this week
Share
Facebook Twitter LinkedIn Pinterest Email

The landmark stablecoin legislation, the GENIUS Act, could be on Trump’s desk by the end of the week.

Key stablecoin legislation finally obtained a procedural green light, but with no support from Democrats. On Wednesday, July 16, the U.S. House of Representatives voted 215–211 to advance the GENIUS Act. If the act passes in the next vote, it could reach President Donald Trump’s desk before the end of the week.

Alongside the legislation on stablecoins, lawmakers also agreed to push forward the Digital Asset Market Clarity Act. The so-called Clarity Act would introduce a comprehensive framework for digital asset regulation. Specifically, it outlines the jurisdictions between the Securities and Exchange Commission and the Commodity Futures Trading Commission.

The procedural bill, which allowed debate on the legislation to proceed, obtained support from Republican representatives after they resolved internal disagreements. Ahead of the vote, President Donald Trump stated that key legislators had agreed to support the bill. However, not a single Democratic representative supported the motion to proceed.

Republicans block the Genesis Act over CBDCs

Earlier in the week, legislators blocked the GENIUS Act and the Clarity Act in a 196–223 vote, largely due to divisions within the Republican camp. Notably, members of the House Freedom Caucus, including Marjorie Taylor Greene, Chip Roy, and Michael Cloud, voted against the bill.

Rep. Greene expressed particular concern over the GENIUS Act. She stated that the act might allow for the creation of a national stablecoin, which could serve as a central bank digital currency. Specifically, she cited concerns over digital freedom and surveillance as the reason that CBDCs should not be allowed in the U.S.

I will not vote for this.

The only way to guarantee a ban on a central bank digital currency is through law.

The GENIUS Act does not ban CBDC or maintain people’s chain of custody.

Revelations 13:16-17 pic.twitter.com/Br9iFFSn3p

— Rep. Marjorie Taylor Greene🇺🇸 (@RepMTG) July 16, 2025

Greene stated that unless the GENIUS Act banned CBDCs directly, she would not vote for it. Still, the House is also advancing the Anti-CBDC Surveillance State Act, which directly prohibits the U.S. government from issuing programmable money.


Credit: Source link

Previous ArticleIs Solana (SOL) a Smart Bet? Ruvi AI’s (RUVI) Audited Token Could Deliver Bigger Gains While Still at $0.015
Next Article Will XRP Continue To Rally After Hitting $3?

Related Posts

Ether Machine Boss Snubs Bitcoin, Backs Ethereum As Superior Bet

July 24, 2025

White House crypto report drops soon: Here’s what’s at stake

July 23, 2025

Big Money Enters BNB, Pushing Crypto to $801 ATH—Details

July 23, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

a16z Advocates for Regulatory Evolution in Tokenized Securities

July 24, 2025

Ether Machine Boss Snubs Bitcoin, Backs Ethereum As Superior Bet

July 24, 2025

Crypto Liquidations Tops $667M Led By Altcoins

July 23, 2025

Subscribe to Updates

Get the latest Crypto, Blockchain and Airdrop News from us to Catch The Bull.

Advertisement Banner

Welcome to CatchTheBull, your trusted source for the latest Crypto News and Airdrops. We bring you real-time updates, expert insights, and opportunities to stay ahead in the crypto world. Discover trending projects, market analyses, and airdrop details all in one place.

Join us on this journey to navigate the ever-evolving blockchain universe!

Facebook X (Twitter) Instagram YouTube
Top Insights

Polkadot approaches key support at $3.75 after healthy pullback

H100 Group Increases Its Bitcoin Holdings With 117.93 More Bitcoin

Pudgy Penguins Rallies 600%: PENGU Beats Bitcoin, BNB

Get Informed

Subscribe to Updates

Get the latest Crypto, Blockchain and Airdrop News from us to Catch The Bull.

© 2025 CatchTheBull. All Rights Are Reserved.
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$118,332.00-0.44%
  • ethereumEthereum(ETH)$3,633.69-2.65%
  • rippleXRP(XRP)$3.16-9.71%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$776.53-2.71%
  • solanaSolana(SOL)$188.90-6.46%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.242899-8.44%
  • staked-etherLido Staked Ether(STETH)$3,621.50-2.63%
  • tronTRON(TRX)$0.309694-2.27%
  • cardanoCardano(ADA)$0.81-8.80%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$118,310.00-0.34%
  • HyperliquidHyperliquid(HYPE)$43.50-3.50%
  • Wrapped stETHWrapped stETH(WSTETH)$4,383.60-2.40%
  • stellarStellar(XLM)$0.426286-9.49%
  • suiSui(SUI)$3.73-5.94%
  • chainlinkChainlink(LINK)$18.13-7.63%
  • wrapped-beacon-ethWrapped Beacon ETH(WBETH)$3,923.40-2.13%
  • hedera-hashgraphHedera(HBAR)$0.245156-9.57%
  • Wrapped eETHWrapped eETH(WEETH)$3,886.88-2.68%
  • bitcoin-cashBitcoin Cash(BCH)$512.31-2.88%
  • avalanche-2Avalanche(AVAX)$23.86-7.07%
  • litecoinLitecoin(LTC)$112.31-6.36%
  • leo-tokenLEO Token(LEO)$8.990.00%
  • shiba-inuShiba Inu(SHIB)$0.000014-9.38%
  • WETHWETH(WETH)$3,633.53-2.72%
  • the-open-networkToncoin(TON)$3.17-3.86%
  • USDSUSDS(USDS)$1.000.01%
  • Ethena USDeEthena USDe(USDE)$1.00-0.08%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.000.28%
  • whitebitWhiteBIT Coin(WBT)$44.12-1.07%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$118,309.00-0.46%
  • polkadotPolkadot(DOT)$4.12-8.68%
  • uniswapUniswap(UNI)$10.26-4.28%
  • moneroMonero(XMR)$316.16-2.99%
  • pepePepe(PEPE)$0.000013-8.93%
  • bitget-tokenBitget Token(BGB)$4.69-3.34%
  • aaveAave(AAVE)$289.95-5.38%
  • BittensorBittensor(TAO)$427.27-4.92%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.180.00%
  • crypto-com-chainCronos(CRO)$0.121877-4.72%
  • daiDai(DAI)$1.00-0.01%
  • ethereum-classicEthereum Classic(ETC)$22.67-6.05%
  • nearNEAR Protocol(NEAR)$2.76-8.24%
  • Pi NetworkPi Network(PI)$0.443672-6.70%
  • OndoOndo(ONDO)$1.02-8.12%
  • aptosAptos(APT)$4.74-12.63%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$229.34-6.67%
  • EthenaEthena(ENA)$0.472859-3.42%
  • internet-computerInternet Computer(ICP)$5.58-8.08%
  • bitcoinBitcoin(BTC)$118,332.00-0.44%
  • ethereumEthereum(ETH)$3,633.69-2.65%
  • rippleXRP(XRP)$3.16-9.71%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$776.53-2.71%
  • solanaSolana(SOL)$188.90-6.46%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.242899-8.44%
  • staked-etherLido Staked Ether(STETH)$3,621.50-2.63%
  • tronTRON(TRX)$0.309694-2.27%
  • cardanoCardano(ADA)$0.81-8.80%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$118,310.00-0.34%
  • HyperliquidHyperliquid(HYPE)$43.50-3.50%
  • Wrapped stETHWrapped stETH(WSTETH)$4,383.60-2.40%
  • stellarStellar(XLM)$0.426286-9.49%
  • suiSui(SUI)$3.73-5.94%
  • chainlinkChainlink(LINK)$18.13-7.63%
  • wrapped-beacon-ethWrapped Beacon ETH(WBETH)$3,923.40-2.13%
  • hedera-hashgraphHedera(HBAR)$0.245156-9.57%
  • Wrapped eETHWrapped eETH(WEETH)$3,886.88-2.68%
  • bitcoin-cashBitcoin Cash(BCH)$512.31-2.88%
  • avalanche-2Avalanche(AVAX)$23.86-7.07%
  • litecoinLitecoin(LTC)$112.31-6.36%
  • leo-tokenLEO Token(LEO)$8.990.00%
  • shiba-inuShiba Inu(SHIB)$0.000014-9.38%
  • WETHWETH(WETH)$3,633.53-2.72%
  • the-open-networkToncoin(TON)$3.17-3.86%
  • USDSUSDS(USDS)$1.000.01%
  • Ethena USDeEthena USDe(USDE)$1.00-0.08%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.000.28%
  • whitebitWhiteBIT Coin(WBT)$44.12-1.07%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$118,309.00-0.46%
  • polkadotPolkadot(DOT)$4.12-8.68%
  • uniswapUniswap(UNI)$10.26-4.28%
  • moneroMonero(XMR)$316.16-2.99%
  • pepePepe(PEPE)$0.000013-8.93%
  • bitget-tokenBitget Token(BGB)$4.69-3.34%
  • aaveAave(AAVE)$289.95-5.38%
  • BittensorBittensor(TAO)$427.27-4.92%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.180.00%
  • crypto-com-chainCronos(CRO)$0.121877-4.72%
  • daiDai(DAI)$1.00-0.01%
  • ethereum-classicEthereum Classic(ETC)$22.67-6.05%
  • nearNEAR Protocol(NEAR)$2.76-8.24%
  • Pi NetworkPi Network(PI)$0.443672-6.70%
  • OndoOndo(ONDO)$1.02-8.12%
  • aptosAptos(APT)$4.74-12.63%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$229.34-6.67%
  • EthenaEthena(ENA)$0.472859-3.42%
  • internet-computerInternet Computer(ICP)$5.58-8.08%