Stablecoin bill clears House after GOP revolt, heads to Trump's desk [View all]
https://thehill.com/policy/technology/5406918-stablecoin-genius-act-house-crypto/
The House on Thursday passed a bill setting up a regulatory framework for payment stablecoins, sending the cryptocurrency bill to President Trumps desk and marking a major win for the industry.
Lawmakers voted 308-122 to pass the GENIUS Act following a tumultuous crypto week in the chamber that saw competing GOP factions bring the House floor to a standstill for two days.
Twelve Republicans voted against the measure while 102 Democrats voted yes. The GOP nos included Reps. Andy Biggs (Ariz.), Eric Burlison (Mo.), Michael Cloud (Texas), Eli Crane (Ariz.), Warren Davidson (Ohio), Russ Fulcher (Idaho), Marjorie Taylor Greene (Ga.), Morgan Griffith (Va.), Andy Harris (Md.), Scott Perry (Pa.), Chip Roy (Texas) and Austin Scott (Ga.).
The bill regulating dollar-backed digital tokens now heads to Trumps desk, where he has indicated he is eager to sign it.