L*gislation *stablishing Crypt*currency R*gulatory Fr*mework Bl*cked By H*use R*publicans – Cr*tics Say It *nables CBDC B*ckdoor

A group of House Republicans blocked the advancement of the GENIUS Act, which aims to establish the first-ever regulatory framework for fiat-backed stablecoins.

“The House voted 196-223 on a procedural vote setting terms for floor debate on the GENIUS Act,” Axios noted.

This week has been dubbed “Crypto Week” as the