Conservative crypto rebellion breaks
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14hon MSN
A political standoff has delayed a House vote on cryptocurrency legislation as Republicans struggle with timing constraints and internal disagreements over the GENIUS and Clarity acts.
Georgia Republican Representative Marjorie Taylor Greene invoked the Bible on Wednesday to declare her opposition to a landmark cryptocurrency bill, equating the legislation’s potential impact to the Biblical end of times.
The Senate voted 68-30 late Tuesday to pass the GENIUS Act, a bill that aims to regulate some cryptocurrencies. The bill faced some Democratic opposition over President Donald Trump’s cryptocurrency ventures, but it ultimately garnered support from 18 Democrats, including Sens. Cory Booker, D-N.J., and Adam Schiff, D-Calif.
The GENIUS Act seeks to regulate stablecoin but will do nothing to curb energy-intensive cryptocurrency mining. Another option for minting crypto coins uses far less energy.
Voting in the U.S. House of Representatives on whether to open debate on several cryptocurrency bills bogged down on Wednesday, a day after President Donald Trump intervened to try and save the initiative.
The Genius Act will become the first major piece of crypto legislation passed by the Trump administration. Should you participate?
In this cryptocurrency market boom, LET Mining launched a high-yield cloud mining service. As the price of the currency rises, the daily income of cloud computing power contract users will increase simultaneously, allowing users to achieve stable returns and asset appreciation through cloud computing power contracts.
17hon MSN
"These bills are a gift-wrapped invitation for Trump to continue his full-scale crypto con," warned Rep. Maxine Waters.