The U.S. House of Representatives may vote on two pieces of crypto legislation as soon as next week, a June 29 report from Punchbowl News shows. Crypto Legislation To See Rare Double Vote By the House According to the Sunday report , the congressional chamber will host a single procedural vote on both the GENIUS Act and the CLARITY Act as soon as the week of July 7. Following the procedural vote, each bill will then go on to face its own full vote on the House floor. Should either piece of crypto legislation pass, it would mark a major step in establishing an overall regulatory framework for digital assets in the U.S. U.S. Lawmakers Push for New Crypto Rules News of the stablecoin bill and crypto market structure legislation’s potential advancement comes amid a growing push by U.S. lawmakers to pass clear digital asset guidelines under a new blockchain-friendly White House. Senator Cynthia Lummis (R-WY) spoke with CNBC last week about the importance of Congress advancing both statutes following the GENIUS Act’s passage on the Senate floor earlier this month. President Trump promised to make the U.S. the crypto capital of the world, and it’s our job to deliver legislation worthy of @POTUS ’ signature. America can’t afford to wait. pic.twitter.com/ix1NhaVGPr — Senator Cynthia Lummis (@SenLummis) June 25, 2025 “I hope now that they’re comparing the stablecoin legislation that their Financial Services Committee passed to the GENIUS Act, we can work together to figure out a path forward for both market structure and the GENIUS Act,” Lummis said of the House of Representatives’ work on digital assets last week. “I’m not saying combine them, but they both need to pass this year,” she continued. Meanwhile, Senator Tim Scott (R-SC) vowed to finalize crypto market structure legislation by September 30 of this year in a fireside chat on Capitol Hill featuring fellow Senator Cynthia Lummis and the head of the President’s Council of Advisers on Digital Assets of the White House, Bo Hines. “We are committed to getting market structure done by the end of September,” Hines said in a June 26 X post. “Period.”The U.S. House of Representatives may vote on two pieces of crypto legislation as soon as next week, a June 29 report from Punchbowl News shows. Crypto Legislation To See Rare Double Vote By the House According to the Sunday report , the congressional chamber will host a single procedural vote on both the GENIUS Act and the CLARITY Act as soon as the week of July 7. Following the procedural vote, each bill will then go on to face its own full vote on the House floor. Should either piece of crypto legislation pass, it would mark a major step in establishing an overall regulatory framework for digital assets in the U.S. U.S. Lawmakers Push for New Crypto Rules News of the stablecoin bill and crypto market structure legislation’s potential advancement comes amid a growing push by U.S. lawmakers to pass clear digital asset guidelines under a new blockchain-friendly White House. Senator Cynthia Lummis (R-WY) spoke with CNBC last week about the importance of Congress advancing both statutes following the GENIUS Act’s passage on the Senate floor earlier this month. President Trump promised to make the U.S. the crypto capital of the world, and it’s our job to deliver legislation worthy of @POTUS ’ signature. America can’t afford to wait. pic.twitter.com/ix1NhaVGPr — Senator Cynthia Lummis (@SenLummis) June 25, 2025 “I hope now that they’re comparing the stablecoin legislation that their Financial Services Committee passed to the GENIUS Act, we can work together to figure out a path forward for both market structure and the GENIUS Act,” Lummis said of the House of Representatives’ work on digital assets last week. “I’m not saying combine them, but they both need to pass this year,” she continued. Meanwhile, Senator Tim Scott (R-SC) vowed to finalize crypto market structure legislation by September 30 of this year in a fireside chat on Capitol Hill featuring fellow Senator Cynthia Lummis and the head of the President’s Council of Advisers on Digital Assets of the White House, Bo Hines. “We are committed to getting market structure done by the end of September,” Hines said in a June 26 X post. “Period.”

Crypto Legislation Hits House Floor: High-Stakes Vote on GENIUS, CLARITY Acts Nears

The U.S. House of Representatives may vote on two pieces of crypto legislation as soon as next week, a June 29 report from Punchbowl News shows.

Crypto Legislation To See Rare Double Vote By the House

According to the Sunday report, the congressional chamber will host a single procedural vote on both the GENIUS Act and the CLARITY Act as soon as the week of July 7.

Following the procedural vote, each bill will then go on to face its own full vote on the House floor.

Should either piece of crypto legislation pass, it would mark a major step in establishing an overall regulatory framework for digital assets in the U.S.

U.S. Lawmakers Push for New Crypto Rules

News of the stablecoin bill and crypto market structure legislation’s potential advancement comes amid a growing push by U.S. lawmakers to pass clear digital asset guidelines under a new blockchain-friendly White House.

Senator Cynthia Lummis (R-WY) spoke with CNBC last week about the importance of Congress advancing both statutes following the GENIUS Act’s passage on the Senate floor earlier this month.

“I hope now that they’re comparing the stablecoin legislation that their Financial Services Committee passed to the GENIUS Act, we can work together to figure out a path forward for both market structure and the GENIUS Act,” Lummis said of the House of Representatives’ work on digital assets last week.

“I’m not saying combine them, but they both need to pass this year,” she continued.

Meanwhile, Senator Tim Scott (R-SC) vowed to finalize crypto market structure legislation by September 30 of this year in a fireside chat on Capitol Hill featuring fellow Senator Cynthia Lummis and the head of the President’s Council of Advisers on Digital Assets of the White House, Bo Hines.

“We are committed to getting market structure done by the end of September,” Hines said in a June 26 X post. “Period.”

Market Opportunity
MemeCore Logo
MemeCore Price(M)
$1.35129
$1.35129$1.35129
-1.17%
USD
MemeCore (M) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Social engineering kost crypto miljarden in 2025

Social engineering kost crypto miljarden in 2025

De grootste dreiging voor crypto zit niet altijd in bugs of fouten in de code. Vaak gaat het fout bij mensen zelf. Nieuwe cijfers over 2025 laten zien hoe misleiding
Share
Coinstats2025/12/26 03:01
Christmas Stocking Stuffers? Don't Ignore These Bitcoin Mining Stocks That Gave Impressive Returns In 2025

Christmas Stocking Stuffers? Don't Ignore These Bitcoin Mining Stocks That Gave Impressive Returns In 2025

Christmas brings cheer, cakes and cozy vibes, but it can also be a perfect time for kicking off investments you may not have considered before.read more
Share
Coinstats2025/12/26 03:01
China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
Share
BitcoinEthereumNews2025/09/18 01:37