Cryptocurrency Bills Fail House Vote 44% Against

The Democratic Party Whip in the United States has announced that there are no additional cryptocurrency bill votes scheduled in the House of Representatives for today. This development comes after a previous procedural vote in the House failed to pass a cryptocurrency bill, leading to significant political tension.

The President expressed displeasure with the outcome and is currently in communication with the members who opposed the cryptocurrency bills, aiming to address their concerns and potentially reschedule the votes. The failed vote prevented three key cryptocurrency bills from advancing to the formal deliberation stage. These bills include the GENIUS Act, which focuses on stablecoin regulations, the CLARITY Act, which addresses digital asset market structure regulations, and the Anti-CBDC Surveillance State Act, designed to prevent overreach in central bank digital currency surveillance.

The vote result was 196 votes in favor versus 222 votes against, indicating a significant divide among the representatives. The failure to pass these bills highlights the ongoing debate and differing opinions within the House regarding the regulation and oversight of cryptocurrencies. The lack of additional votes scheduled for today suggests that further discussions and negotiations are necessary before any progress can be made on these critical legislative measures.