INSUBCONTINENT EXCLUSIVE:
have cut a deal to move forward with three crypto bills that were stuck in a record-long procedural vote after Republican hardliners refused
The measure eventually passed late on Wednesday with a vote of 217-212 in favor.A group of Republican holdouts initially refused to support
the vote unless a ban on central bank digital currencies (CBDCs) was guaranteed to pass, but House Majority Leader Steve Scalise
toldreporters on Wednesday that Republicans will now instead add a CBDC ban to a must-pass defense spending bill, the National Defense
which President Donald Trump wants to sign before the weekend.PunchBowl News reported that Scalise said the House would vote separately on
the GENIUS Act and CLARITY Act as soon as Thursday, but Speaker Mike Johnson said votes on bills other than the GENIUS Act could be pushed
to Friday or next week.CBDC ban a sticking pointThe anti-CBDC Republican holdouts also tripped up an earlier resolution on Tuesday for the
measure.The final vote of the resolution to hear debate on three crypto bills
services directly to the public, which would include a CBDC.CBDC ban could go in must-pass defense billHouse Republican leaders had promised
Burchett, who originally voted against moving the bills forward, said in a video posted to X earlier on Wednesday that the negotiations had
Bill Act.Magazine: Bitcoin vs stablecoins showdown looms as GENIUS Act nears
