The post The bills up for debate as ‘Crypto Week’ continues appeared on BitcoinEthereumNews.com.

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. It’s day two of “Crypto Week” in the US House.  The Rules Committee on Monday afternoon heard from fellow representatives on three crypto bills: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance Act.  House members then failed to pass a procedural vote Tuesday that would have advanced further debate around the bills. Thirteen Republicans voted against the motion (alongside Democrats), bringing the final tally to 196-223.  With the exact next steps unclear, it remains worth knowing about each potential law and what proponents and critics have to say: GENIUS Act  This is the stablecoin-focused bill that passed the Senate last month with bipartisan support. It’s poised to pass in the House, too, but not everyone is happy about it.  Most Democrats that oppose the bill argue it fails to stop President Trump and his family from profiting off of USD1, the stablecoin tied to World Liberty Financial.  When asked during Monday night’s Rules Committee hearing why he wouldn’t support an amendment that explicitly bars the president from issuing a stablecoin, Rep. French Hill said Trump is not the issuer of a stablecoin — but an owner of a company that issued one.  When pressed further, Hill said the Senate had already discussed this issue at length (and 68 Senators still voted to pass the bill).  Some Dems also think that while the bill might be a step in the right direction, it falls short. The legislation is too weak on anti-money-laundering and terrorism-financing protections, opponents insist.  US-based stablecoin issuers have largely gotten behind the legislation. Circle — fresh off its public market debut — has even applied to establish a national trust bank in order to align with the policy.  For foreign issuers like…

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Filed under: News - @ July 15, 2025 9:29 pm