The act of engineering is voting in the House, the American cryptographic legislation plans in trouble


TLDR

  • The House of Representatives of the United States has failed to make a procedural motion necessary to advance the law on engineering.
  • The law on engineering as well as the law on clarity and the anti-CBDC law should go ahead during the week of cryptography.
  • The vote ended with 196 members in favor and 222 against, blocking the immediate consideration of the bill.
  • Some republican legislators opposed the Act on Engineering due to the absence of a complete ban on a digital currency from the Central Bank.
  • Democrats used the failed vote to criticize republican leadership and reaffirm their opposition to the engineering law.

The crypto week was faced with an unexpected disruption because the American house failed to pass a procedural motion required to advance key cryptography bills. The law on engineering, the law on clarity and the anti-CBDC law could not take place, the vote ending 196-222. The legislators are now preparing for another voting series while the momentum behind the engineering law is weakening.

The room fails the key vote, Genius Act Calles

The reverse of the procedural vote disrupted the legislative calendar initially provided for the Act respecting engineering and the associated bills. The legislators opposed the future, delaying the provided for the law on engineering before the deadline of July 17. Despite the emergency of supporters, the measure did not gain enough traction.

Many Republicans at homeS, influenced by internal disagreements, rejected the current language of the Act on Engineering. Some demanded a stronger anti-CBDC language, which is missing the bill. This fracture within the party has created resistance to the procedure.

Marjorie Taylor Greene opposed the law on engineering, expressing concerns that allows indirect support for a CBDC framework. Other Republican members have also echoed similar reserves, amplifying internal division. These concerns have created an additional doubt about the future of the Act on Engineering.

Political divisions approved around crypto bills

The act of genius has become a flash point in the broader political battle on the regulation of cryptography. The Democrats, led by Maxine Waters, made fun of the Republicans so as not to unite on the agenda of cryptography. They previously launched the “Anti-Crypto Corruption week” to challenge the objectives of the Act on Engineering.

The Democrats of the Chamber continued to resist the Act on Engineering and the bills linked throughout the debate. They argued that the legislation lacked sufficient protections and created openings for risky innovation. Their decline contributed to the current limbo of the bill.



President Donald Trump urged the Republicans to support the crypto bill to position the United States as crypto chief. However, his call did not change the outcome of the vote. The GOP remains divided on how to approach the legislation.

Bitcoin increases despite the legislative block

Bitcoin reacted positively after the failure of the procedural vote, crossing $ 117,000 despite the setback of the law on engineering. The price even reached $ 123,000 earlier on July 14 in anticipation of the passage. This unexpected wave highlights growing optimism on the market.

The merchants anticipated the progress of the law on engineering but adjusted the positions after the delay. Market behavior suggests confidence in long -term regulatory clarity. The bill continues to stimulate speculation on cryptographic markets.



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