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House to vote on historic crypto bill after right-wing rebellion

223d ago
World
CBS News
House to vote on historic crypto bill after right-wing rebellion
The House of Representatives is poised to vote on the GENIUS Act, potentially marking a watershed moment for cryptocurrency regulation in the United States. This bill, if passed, would represent the first comprehensive piece of crypto legislation approved by Congress. The vote follows internal disagreements within the majority party, requiring leadership to navigate right-wing opposition to bring the bill to the floor. The GENIUS Act aims to establish a regulatory framework for digital assets, addressing issues such as consumer protection, market stability, and illicit finance.
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