The genius law removes voting on the House star-news.press/wp

In addition to the legislation related to Stablecoins, legislators also agreed to push the law of the digital assets market forward. The alleged clarity law will provide a comprehensive framework for regulating digital assets. Specifically, the judicial states are determined between the Securities and Stock Exchange Committee and the commodity futures trading committee.

The procedural law, which allowed discussion on the legislation to continue, obtained support from Republican representatives after resolving internal differences. Before voting, President Donald Trump stated that the main legislators agreed to support the bill. However, a single democratic actor did not support the proposal to move forward.

Republicans prevent the Book of Genesis on CBDCS

Earlier in the week, legislators prevented the genius law and the law of clarity in the 196-22 vote, due to the divisions in the Republican camp. It is worth noting that the members of the House of Representatives are freedom, including Margori Taylor Green, Shayb Roy and Michael Claude, voted against the bill.

Representative Green expressed special concern about the genius law. It stated that the law may allow the creation of the national stablecoin, which could serve as a digital currency of the Central Bank. Specifically, it indicated fears of digital freedom and monitoring because the reason why CBDCS should not be allowed in the United States

Green stated that unless the genius law is not prohibited directly, it will not vote for it. However, the House of Representatives is also submitting to the CBDC control law law, which directly prohibits programming money.