The House voted overwhelmingly on Thursday to pass the first-ever major legislative overhaul of cryptocurrency regulations, sending a bill that will create new rules for so-called stablecoins to the president’s desk and delivering crypto companies a historic lobbying victory.
House lawmakers voted 308-122 to adopt the Senate-passed GENIUS Act, with more than 100 Democrats including Minority Leader Hakeem Jeffries joining most Republicans to approve a measure that is poised to help legitimize digital assets as mainstream financial products.
During a July 18 White House ceremony, Trump signed the Genius Act legislation into law.
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