House, crypto and vote
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Crypto, Congress
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Trump and GOP lawmakers said that they had the votes necessary to pass landmark crypto legislation in the House.
The second attempt to advance a pair of crypto bills came after President Donald Trump intervened on Tuesday evening to get the hold-outs on board.
A dozen House Republicans bucked Trump and Speaker Mike Johnson to prevent the legislation from advancing on the floor -- joining the entire Democratic caucus -- and, at least temporarily, freezing activity in the House. The final tally was 196-223.
The House is having disagreements on the Guiding and Establishing National Innovation for U.S. Stablecoins, or the "GENIUS Act."
The crypto industry will take a step closer to going mainstream this week as a series of industry-friendly bills progress through Congress, paving the way for digital assets to potentially be further integrated into traditional finance.