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Bitcoinsensus @Bitcoinsensus on x 121.3K followers
Created: 2025-07-15 19:44:18 UTC
🚨 JUST IN: House Votes Against GENIUS Act, CLARITY Act, and Anti‑CBDC Surveillance State Act
XXX Dems + XX GOP NAY on advancing the GENIUS Act, CLARITY Act & Anti‑CBDC Act — procedural vote fails, killing momentum 🧊
🔍 What these bills aimed to do: • GENIUS Act: create a clear framework for dollar-backed stablecoins (1:1 reserves, audits, registrations) — passed Senate 68‑30 • CLARITY Act: finally decide which digital assets are securities (SEC) vs commodities (CFTC), reducing legal fog • Anti‑CBDC Surveillance State Act: ban a Fed-issued digital dollar to shield privacy
📉 Why this matters for crypto: These bills promised regulatory certainty, opening the door to institutional inflows, stablecoin adoption, and potentially fueling Bitcoin’s rally (~$123K highs) . Now that the House vote stalled, markets could see renewed volatility — though a rebound is still possible if the GOP repacks the bills.
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Related Topics stablecoins dems clarity