US House of Representatives Passes Procedural Rules, Cryptocurrency Bill Expected to Vote Tomorrow
TechFlame
2025-07-17 03:25
TechFlame2025-07-17 03:25
English
TechFlame reports that, according to reporter Eleanor Terrett, the US House of Representatives passed a procedural rule vote by a narrow margin of 217-212, paving the way for voting on key bills such as cryptocurrencies and defense spending. The vote took nearly 10 hours, setting the record for the longest vote in the US House of Representatives.
Some Republican lawmakers changed their positions several times within 24 hours, from opposition to support to opposition, and eventually to support. Following a procedural vote, House leadership promised to include anti-CBDC (central bank digital currency) provisions in the National Defense Authorization Act (NDAA).
The GENIUS bill and possible CLARITY bill will be submitted to Parliament for a final vote as soon as tomorrow. The GENIUS Act is seen as an important step in modernizing financial regulation, including strict reserve requirements for stablecoin issuers and provisions limiting CBDC development.