Crypto bills move forward after nine-hour stalemate on House floor
The US House has moved forward three crypto bills after a record-long procedural vote saw a group of Republicans hold out to ensure language banning CBDCs.
House Republican leaders have cut a deal to move forward with three crypto bills that were stuck in a record-long procedural vote after Republican hardliners refused to back down on central bank digital currencies.
A vote to set up floor debate on the bills was open for over nine hours — the longest in the House’s history. 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 told reporters on Wednesday that Republicans will now instead add a CBDC ban to a must-pass defense spending bill, the National Defense Authorization Act (NDAA).
