Stablecoin Bill wipes the house after the Republican party, heads to the Trump office
On Thursday, the House of Representatives approved a draft law that sets a regulatory framework for Stablecoins, which led to the sending of the cryptocurrency bill to President Trump’s office and a great victory for this industry.
The lawmakers voted at 308-122 to pass the genius law after a noisy “encryption week” in the room that witnessed the competing Republican Party factions brings the land of the house to a dead end for two days.
Twelve Republicans voted against this measure, while 102 Democrats “Yes” voted. Among the Republican Party is “no” representatives. Andy Bigz (ARES), Eric Porleson (Mo), Michael Claude (Texas), Eli Creen (ARIS), Warren Davidson (Ohio), Ross Volsor (Idaho), Margori Taylor Green (JA), Morgan Griffiths (VA) (Texas) and Austin Scott (Georgia).
The draft law that regulates digital -backed digital symbols is now directed to the Trump office, where he indicated that he is keen to sign it.
“For a very long time, the digital asset industry in America has been strangled by mysterious rules, confusion and confusion and management of the Crusade to combat the calamities.
He added: “President Trump promised to make America the capital of encryption in the world, and today we have come.”
The future of the legislation appeared in danger less than 24 hours ago.
A group of militant Republicans timed a timing of a trilogy of encrypted laws on Tuesday, and freezing the land.
Trump concluded a deal to secure their support the next day, but many complexes remained on Wednesday, as the House of Representatives again tried to build a debate control base on bills.
The agreement also prompted Trump with militants to a new violent reaction from the members of the Financial Services Committee in the House of Representatives.
The deal sought to add provisions from the CBDC Wilayat Act, which aims to prevent the federal reserve from issuing a central bank of the Central Bank (CBDC), to a broader encrypted framework called the law of the digital assets market.
Earlier on Thursday, the House of Representatives voted 294-134 to pass the law of the digital assets market. The Anti-CBDC scale later wiped the room in a 218-210 vote.
Hours of deliberations on Wednesday-which the base voting remained open during which the number of votes “no” continued to grow.
Including the provisions mentioned in the legislation that must be placed on the correct path to reach the Trump office, assuming that it is not stripped of the draft law because it woven across Congress later this year.
The agreement persuaded most of the remaining positions to switch their voices “no” on the base to “yes”, allowing it to pass after more than nine hours. It easily exceeded the previous record for the longest vote in the room, which was set by the House of Representatives just two weeks ago while considering a “large and beautiful bill” for the Republican Party.
The only Republican vote was “No”, who remained when they closed the vote late on Wednesday night, MP Margori Taylor Green (Georgia).
As the successful rule adopted, legislators were able to cancel the freezing of the floor and open the consideration of encryption bills, including the law of genius.
Deputy Maxine Waters (D-Calif), the best democratic democratic committee in the House of Representatives, was pressed against encryption legislation throughout the week, describing it as a “anti-cycloo corruption week” and is concerned with its fears of the president’s expanding participation in the industry.
“Evidence, whatever the people who think about it, is overwhelmed by a corrupt president who possesses encryption and a president who is mainly enriching himself and his family,” Waters told reporters on Thursday.
The final residence of the Stablecoin Bill is a major victory for the encryption industry, which has long sought legislation to provide greater regulatory clarity.
“The passage of the two parties of the genius law is a moment of digital assets in the United States,” Blockchain, CEO of Blockchain, said in a statement. “For the first time, Congress has transferred comprehensive legislation that provides implemented rules and designed for Stablecoins – a foundation technology for the future of financing.”
Trump, who became a major ally of the industry in his second term, discussed legislators in the House of Representatives to pass a “clean” draft law, which led to his frustration of his hopes of linking it to the legislation of the encryption market structure.
Some legislators were hoping to link the two projects to each other in order to allow the council to place its seal on encryption legislation and to ensure that Congress did not lose momentum before reaching the market structure.
The market structure legislation, which seeks to divide the supervision of the industry between the Securities and Stock Exchange Committee and the Futures Trading Committee for Basic Commodities, is the focus of encryption regulation.
The Senate moved much slower in the legislation of the market structure, which thwarted the House of Representatives. However, the upper room appears to be ready to issue its own copy of the bill soon.
Updated at 5:15 pm EST
