US Crypto Bill: House Shatters Voting Record Over CBDCs and the GENIUS Act

The U.S. House of Representatives held a record-breaking vote lasting over seven hours on a package of cryptocurrency bills. A key point of contention was the GENIUS Act, which requires stablecoins to have proof of reserves. While the GENIUS Act passed the House, the CLARITY Act, which designates Bitcoin, Ethereum, and Cardano as "likely mature" blockchains and is hoped to spark a wider crypto bull run, has not yet been passed. Ten Republican representatives initially resisted the GENIUS act. According to the article, the passage of these bills is seen as crucial for the crypto market, and failure to pass them by the end of the next day may negatively impact the market. The article also highlights Bitcoin Hyper, a Solana-based project, which has raised over $3 million in presales.