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The Senate overnight approved the White House’s $9 billion package of spending cuts to foreign aid programs and public broadcasting. The 51-48 vote on what’s known as a rescissions package is a victory for President Trump,
The House passed a key procedural vote advancing crypto bills GENIUS and Clarity, setting up final debate and votes.
That strategy will become tricky. Coinbase CEO Brian Armstrong has advocated for bundling the two bills together, arguing that only passing the stablecoin bill may hurt enthusiasm or leverage to get the so-called CLARITY Act passed, which stand to remove crypto tokens — and Coinbase's role in selling them — from regulatory crosshairs.
U.S. Senate Republicans found support from 18 Democrats, including one of Arizona’s senators, to pass a measure that would create a regulatory structure around some cryptocurrency markets and boost usage of digital money for financial transactions.
The crypto industry was headed for a landmark moment in the House with three bills that it helped push going to a vote. But a coalition of ultraconservative House Republicans staged a mutiny.
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Last week, the Senate appropriations process took an unexpected turn on another spending bill when Sen. Lisa Murkowski, R-Alaska, joined Democrats to back an amendment from Maryland Sen. Chris Van Hollen regarding the future of the FBI headquarters building.
Florida lawmakers helped by the cryptocurrency industry are joining a House majority backing the first crypto regulatory bill adopted by Congress.