Despite them to be rejected yesterday, the room narrowly voted to approve the engineering, clarity and anti-CBDC invoices today. This does not mean that the law on engineering is the law. This means that it can now be debated and voted by the full room, which is later this week.
Above all, democratic support has apparently disappeared, which could present a future obstacle.
The house advances with a genius
The rule was adopted with a final count of 215-211reversing the defeat from 196 to 222 from Monday. All the 215 votes “yes” came from the Republicans, while all the Democrats voted “no”.
The quarter of work came after former president Donald Trump personally met 11 of the 12 members of the GOP Holdout earlier during the day, obtaining their support.
This opens the way to the debate on the floor and potential final votes on crypto bills later this week.
The Act on Engineering aims to establish a federal framework for Stablecoins, while the law on clarity aims to define the boundaries between dry and CFTC surveillance. The anti-CBDC bill would block any effort of the federal reserve to issue a digital currency from the Central Bank.
The head of the majority of the room, Steve Scalie, had previously warned that the delay in genius was likely to lose alignment with the Senate and President Trump, who both support the bill as it is written.
Following steps for genius
The last obstacle is the voting on the ground of the room, which is planned in the next 1 to 2 days, probably before the end of the week. If he passes with a simple majority, he moves to the president.
President Trump publicly supported the law on engineering. Once the house exceeds it, it will probably sign it quickly – potentially in a few days.
With today’s vote, the crypto week is back on the right track – and the major regulation of American cryptography could be closer than ever to become law.
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