At the moment in crypto, US lawmakers have superior three main payments aimed toward regulating digital property, following a marathon nine-hour session, the longest vote in Home historical past. In the meantime, the Securities and Change Fee (SEC) has delayed its resolution on whether or not to permit in-kind redemptions for Bitwise’s Bitcoin and Ether spot ETFs.
US Home passes three key crypto payments forward of August recess
After delays in Congress over Republican considerations with central financial institution digital currencies (CBDCs), the US Home of Representatives has handed three items of crypto laws.
In a Thursday Home session, lawmakers voted 294-134 to go the Digital Asset Market Readability (CLARITY) Act, a invoice aimed toward establishing a market construction for cryptocurrencies, 308-122 in favor of the Guiding and Establishing Nationwide Innovation for US Stablecoins (GENIUS) Act, and 219-210 for the Anti-CBDC Surveillance State Act.
Nearly 80 Democrats voted sure for the CLARITY Act and greater than 100 for the GENIUS Act, with the payments having been anticipated to maneuver by means of the chamber earlier than Congress breaks for its August recess.
Republicans had been calling for everybody of their occasion to assist the payments as a part of their “crypto week” plans — a nod to US President Donald Trump’s said intention to enact his crypto agenda shortly.
Nevertheless, on Wednesday, voting on consideration of a package deal, together with the three payments, stalled for hours after some Republicans held out for a carve-out to ban the event of a CBDC within the US.
SEC delays in-kind redemption resolution for Bitwise crypto ETFs
The US Securities and Change Fee (SEC) prolonged its deadline to resolve on whether or not to permit in-kind redemptions for Bitwise’s Bitcoin and Ether spot ETFs on NYSE Arca.
Whereas the SEC didn’t exceed its most 90-day assessment restrict, it said that extra time is required to totally take into account the implications of the proposed rule change. If permitted, in-kind redemptions would let traders obtain Bitcoin or Ether straight as an alternative of money, probably providing tax advantages.
SEC’s deadline extension submitting. Supply: SEC
The transfer comes amid rising criticism that the SEC is delaying key crypto choices. Grayscale not too long ago challenged the company’s dealing with of its Digital Giant Cap ETF, accusing it of violating statutory deadlines. Nevertheless, the SEC seems to be shifting its stance underneath Chair Paul Atkins, appointed underneath the Trump administration, who has pledged a extra clear and innovation-friendly method.
Crypto payments transfer ahead after nine-hour stalemate on Home flooring
Home Republican leaders have minimize a deal to maneuver ahead with three crypto payments that have been caught in a record-long procedural vote after Republican hardliners refused to again down on central financial institution digital currencies.
A vote to arrange flooring debate on the payments was open for over 9 hours — the longest within the Home’s historical past. The measure finally handed late on Wednesday with a vote of 217-212 in favor.
The crypto invoice is hanging in limbo. pic.twitter.com/DW4HCrqVDm
— Tim Burchett (@timburchett) July 16, 2025
A gaggle of Republican holdouts initially refused to assist the vote until a ban on central financial institution digital currencies (CBDCs) was assured to go, however Home Majority Chief Steve Scalise advised reporters on Wednesday that Republicans will now as an alternative add a CBDC ban to a must-pass protection spending invoice, the Nationwide Protection Authorization Act (NDAA).
