The post House passes motion to reconsider crypto package containing the GENIUS Act appeared on BitcoinEthereumNews.com.

The House approved on July 16 a motion to reconsider the crypto‑related proposals package combining the GENIUS Act, the CLARITY Act, and the Anti‑CBDC Surveillance Act in a 215-211 vote. Alex Thorn, head of research at Galaxy Digital, said on X that analysts expect a vote on the GENIUS Act today. Because the House agreed to a Senate‑passed resolution text that bundles the three measures procedurally, but does not itself constitute enrolled statutory language. As a result, the package does not go directly to the President.  The approval positions House and Senate leaders to move the underlying bills individually, fold them into another legislative vehicle, or draft a consolidated conference substitute that can clear both chambers in identical statutory form for presidential action. Since this was a procedural bundle rather than a single formal bill, the next step requires converting the package into enactable legislation.  Committees or leadership can discharge, mark up, or attach the component measures to moving vehicles. Crypto Package Setback on July 15 House leaders advanced GENIUS for floor action one day after members rejected a rule that would have packaged the same three digital asset measures with the annual defense appropriation.  President Donald Trump urged Republicans on Truth Social on July 15 to support that combined rule, writing that passage would keep the United States “lightyears ahead” of China and Europe on digital asset policy.  Libertarian‑leaning and House Freedom Caucus members objected to the bundling and pressed for stand‑alone debate time.  Representative Chip Roy told reporter Laura Weiss he wants “a hard ban” on a US central bank digital currency and ranked the CLARITY Act as equally important, saying opponents “need to be dealing with this all at once.” Mentioned in this article Source: https://cryptoslate.com/house-rejects-crypto-package-containing-the-genius-act-despite-trump-urging-progress/

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Filed under: News - @ July 16, 2025 5:27 pm