US House passes market structure bill as crypto week continues
The first of three bills on Republicans’ crypto agenda passed with bipartisan support despite continued pushback from Democrats over claims of corruption and conflicts of interest.
After delays in Congress over Republican concerns with central bank digital currencies (CBDCs), the US House of Representatives has passed its first crypto legislation of the week.
In a Thursday House session, lawmakers voted 294-134 to pass the Digital Asset Market Clarity (CLARITY) Act, a bill aimed at establishing a market structure for cryptocurrencies in the US. Almost 80 Democrats voted yes for the Republican led legislation, one of three bills expected to move through the chamber before Congress breaks for its August recess.
Republicans had been calling for everyone in their party to support the bills as part of their “crypto week” plans — a nod to President Donald Trump’s stated intention to enact his crypto agenda quickly.
