What Cryptocurrency Bills are Getting Voted On
- Adam Hupperts
- Jul 16
- 1 min read
Interested in Cryptocurrencies:
U.S. House Voting on Bills: The Genius Act, Clarity Act, and Anti-CBDC Act.
Crypto Bills To Be Passed:
Genius Act - Allows corporations to start their own Stablecoin/Cryptocurrencies.
We think the bill stalled today because the bill did not have a provision to prevent (CBDC) Central Banking Digital Currency. Government wanted the provision in this act.
Clarity Act - Giving guideline to cryptocurrency.
Anti CBDC Act - Aims to prevent the Federal Reserve from issuing a Central Bank Digital Currency (CBDC). Also it will focus on the financial privacy and preventing government surveillance through a CBDC.
The U.S. House is currently at a standstill as members struggle to reach an agreement on the complete bill package. The primary obstacles appear to be disagreements over financial privacy and the extent of government control, which are contributing to the delays in passing the legislation.
Big Gains today despite the Bill being delayed, Cryptocurrencies to keep an eye on:
Ethereum (ETH-USD) hits above $3,400
XRP (XRP-USD) hits above $3
Solana (SOL-USD) hits above $175
Bitcoin (BTC-USD) hits above $119,000
Hedera (HBAR) hits above $.24
If you are thinking about investing, we suggest you seek financial advice before investment in cryptocurrencies. Cryptocurrencies are a volatile market, so make sure you’re aware of all the risk involved before making an investment decision. We are not a financial advisor.
Learn more at the Fort Wayne Business Journal and find out what bills pass or don't pass:
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