House Advances Crypto Bills After Historic 10-Hour Vote

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JUL 17

Above: A Bitcoin sign is displayed on the wall of developers Ciprés and Rilea Group, on July 16, 2025, in Miami, Florida. Image copyright: Joe Raedle/Getty Images

story last updated JUL 17

The Spin

Republican narrative

This legislation represents a crucial breakthrough for American financial innovation and economic competitiveness. The regulatory clarity will unleash trillions in investment and cement America's leadership in digital assets while protecting consumers through proper oversight. These bills strike the right balance between fostering innovation and preventing government overreach through digital surveillance currencies.

FOX News Business Insider

Democratic narrative

The rushed process and Trump's personal crypto investments raise serious concerns about conflicts of interest and regulatory capture. Democrats worry the legislation prioritizes industry profits over consumer protection and financial stability. The president's family crypto empire creates an unseemly appearance that undermines confidence in fair policymaking.

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