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Key Democrat Breaks Ranks, Urges Party to Pass Crypto Bills to End “Wild West”


by Coin Edition
for CoinEdition
"It's Time to Get These Done": A Key Democrat's Message on Crypto
  • Gottheimer talked about both the GENIUS Act and the Clarity Act, saying that he expects notable bipartisan support
  • He specifically stated that the GENIUS Act received very good feedback
  • The US House experienced delays in its proceedings, but the two mentioned crypto bills, along with the Anti-CBDC Surveillance State Act, saw progress late yesterday

Josh Gottheimer (member of the US House of Representatives from New Jersey’s 5th district and a member of the Democratic Party) has sent a direct letter to Democrats, urging them to vote for pending crypto bills, stating: “It’s time to get these done.” 

In an interview on CNBC, Gottheimer talked about both the GENIUS Act and the Clarity Act, saying that he expects notable bipartisan support and that the bills will get votes from at least a few dozen members on the Democratic side. He also specifically stated that the GENIUS Act got very good feedback.

Ending the “Wild West” of Crypto

When talking about the Clarity Act, Gottheimer stated that it’s the Wild West out there, saying: “If we do nothing, you’ll just be right at the place where we are. There will be absolutely no oversight, no protection fo…

The post Key Democrat Breaks Ranks, Urges Party to Pass Crypto Bills to End “Wild West” appeared first on Coin Edition.

Read the article at CoinEdition

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Key Democrat Breaks Ranks, Urges Party to Pass Crypto Bills to End “Wild West”


by Coin Edition
for CoinEdition
"It's Time to Get These Done": A Key Democrat's Message on Crypto
  • Gottheimer talked about both the GENIUS Act and the Clarity Act, saying that he expects notable bipartisan support
  • He specifically stated that the GENIUS Act received very good feedback
  • The US House experienced delays in its proceedings, but the two mentioned crypto bills, along with the Anti-CBDC Surveillance State Act, saw progress late yesterday

Josh Gottheimer (member of the US House of Representatives from New Jersey’s 5th district and a member of the Democratic Party) has sent a direct letter to Democrats, urging them to vote for pending crypto bills, stating: “It’s time to get these done.” 

In an interview on CNBC, Gottheimer talked about both the GENIUS Act and the Clarity Act, saying that he expects notable bipartisan support and that the bills will get votes from at least a few dozen members on the Democratic side. He also specifically stated that the GENIUS Act got very good feedback.

Ending the “Wild West” of Crypto

When talking about the Clarity Act, Gottheimer stated that it’s the Wild West out there, saying: “If we do nothing, you’ll just be right at the place where we are. There will be absolutely no oversight, no protection fo…

The post Key Democrat Breaks Ranks, Urges Party to Pass Crypto Bills to End “Wild West” appeared first on Coin Edition.

Read the article at CoinEdition

Read More

The GENIUS Act Is Here, and Mastercard Is Already Building its Infrastructure

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Stablecoins are rapidly moving from a crypto-native experiment to an essential part o...
‘Crypto Week’ Climax: Trump to Formalize Stablecoin Rules with GENIUS Act Signing Today

‘Crypto Week’ Climax: Trump to Formalize Stablecoin Rules with GENIUS Act Signing Today

President Donald Trump will sign the GENIUS Act at 2:30 PM ET in the White House toda...