The US House of Representatives is divided on the legislative details of the GENIUS Act

律动BlockBeats
律动BlockBeats|Jun 25, 2025 12:28
BlockBeats News: On June 25th, according to Cryptocurrency, Republican lawmakers and industry insiders are engaged in a fierce game over the promotion strategy of key encryption bills. The current issue is whether to pass it separately or as a bundled legislation. The GENIUS bill passed by the Senate last week was transferred to the House of Representatives on Monday, but lawmakers are still debating whether to push it forward as a standalone bill or to bundle it with the House's Market Structure Act and resubmit it to the Senate for revision. House Majority Whip Tom Emmer told Punchbowl News on Tuesday that the GENIUS Act is expected to pass in the House of Representatives - "provided it is pushed forward in sync with the CLARITY Act, the market structure legislation in the House. Majority Leader Steve Scalise emphasized to CNBC that the merger of the two cases is in line with industry demands. At present, the 'packaging faction', represented by Coinbase and venture capital giant a16z, believes that bundling legislation is the only feasible path to complete market structure reform this year. The "step-by-step faction" focuses on the DeFi community and advocates for a rapid passage of the GENIUS Act to achieve a phased victory.
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