Alas! The House hath denied the fair chance of our crypto bills. Yet, oh joyous day! The Senate rides forth, fueling our fervent dreams of a digital asset renaissance in this fine land! 🌟
The Great Crypto Caper Stumbles in the House, But Fear Not—The Senate’s Charge Is Nigh!
On the fifteenth day of July, the illustrious U.S. House of Representatives cast aside a chance at progress, halting the noble pursuit of three grand crypto measures: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act. This fine initiative was dubbed “Crypto Week,” a week promising to bring clarity, guidance, and perhaps a sparkly crown for our beloved digital tokens! 👑✨
But lo! The initiative crumbled when a band of conservative Republicans—oh what a shocking twist!—joined forces with Democrats, spurning the legislative package like a bad stew. Representative Marjorie Taylor Greene of Georgia lamented upon the platform of X, declaring, “I abstained from bestowing my ‘Aye’ upon the GENIUS Act, for it lacks a prohibition on the wretched central bank digital currency! And alas! I was denied my amendments!” 📜😂 Fox Business’ own Eleanor Terrett, with a flourish, reported:
“Many who cast a dissenting vote harbored fears that the GENIUS Act may unfurl the doors to a CBDC. Yet, lo and behold, there exists language within that avows it shall not expand the Federal Reserve’s dominion to commence retail CBDCs!”
In truth, the legislation decrees that the Federal Reserve shall not dabble in the arts of directly serving the good people with personal accounts or wallets—banishing the specter of retail CBDCs as one might banish a bad actor from a fine soirée! 🎭
Speaker Mike Johnson, upon hearing the news, did declare he would trudge forth in discussions with his fellow members, nursing dreams of resurrection for the package. The market? Oh, it was far from pleased—shares of Circle Internet Group fell by 4.6%, while Coinbase stumbled by 1.5%. Mayhap it was the spirits of the crypto gods in distress? 😅
Anticipation brewed in Republican chambers, where even our dear President Trump, from his digital throne on Truth Social, proclaimed, “The House shall soon vote upon a monumental bill, destined to crown us the supreme ruler of digital assets… A momentous occasion!” He added, with a flourish:
“The GENIUS Act shall catapult our great nation past China and Europe—ensuring they remain forever in our jet stream while we forge ahead!” 🚀
Senator Bill Hagerty did not lag behind, positing the bills as essential endeavors in a thread on X. He termed the GENIUS Act as “landmark bipartisan legislation to assert control over stablecoins,” while emphasizing the Anti-CBDC measure as a bulwark against governmental prying. “The Senate’s heart beats strong,” he asserted, “to forge a framework reflecting our noble American values!” 💪
As the Federal Reserve remains silent on any plans for a CBDC, lawmakers continue to spin tales of privacy and control gone awry. This legislative impasse, signifying deep schisms within, does lend urgency to the discourse. Yet worry not, for the champions of digital assets surmise that with Senate momentum and growing institutional interest, we shall soon craft our national crypto saga! 📖✨
Read More
- SOL PREDICTION. SOL cryptocurrency
- ETH PREDICTION. ETH cryptocurrency
- USD TRY PREDICTION
- SHIB PREDICTION. SHIB cryptocurrency
- WLD PREDICTION. WLD cryptocurrency
- EUR AUD PREDICTION
- EUR CNY PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- DOGE PREDICTION. DOGE cryptocurrency
- EUR USD PREDICTION
2025-07-16 04:11