The U.S. House of Representatives passed a procedural motion to advance the GENIUS stablecoin bill and the Clarity crypto regulation bill to vote

The U.S. House of Representatives passed a motion on local time July 16 with 215 votes to 211, deciding to advance the Stablecoin Regulation Act GENIUS and the Digital Asset Market Clarity Act, with both bills entering the formal voting procedure. GENIUS has been passed by the Senate and can be sent to President Donald Trump for signature as soon as this week. The Clarity Act aims to clarify the framework for crypto asset regulation by SEC and CFTC, which requires further review by the Senate. Additionally, the House of Representatives agreed to vote on a subsequent bill that would prohibit the Federal Reserve from issuing CBDC to individuals. (Block)