House Republican leaders are moving forward with votes on three key cryptocurrency bills, including the CLARITY Act, GENIUS Act, and a CBDC ban, with plans to possibly merge some measures; the bills are expected to pass with some bipartisan support, while GOP debates continue over digital currency regulations and party strategies.
The Republican-controlled House is advancing bills to overturn D.C. laws on noncitizen voting, policing, and immigration cooperation, while also delaying a crucial budget fix for the city, sparking opposition from local leaders and Democrats.
House Republicans have introduced four bills, including aid for Ukraine, Israel, and the Indo-Pacific region to counter Chinese aggression, with a total of about $95 billion. The aid package includes support for Ukraine's defense against Russia, assistance for Israel's defense against Iran and its proxies, and measures to counter China's actions in the Indo-Pacific region. Additionally, the package includes a hot-button bill that could lead to a possible nationwide ban of TikTok and comprehensive sanctions against Iran, as well as empowering the executive branch to seize and transfer frozen Russian assets held in the US to Ukraine. President Joe Biden has expressed support for the aid package, and the House is expected to vote on the bills on Saturday.