Trump, House and foreign aid
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The stablecoin bill, known as the Genius Act, and the crypto market structure bill, known as the Clarity Act, both received notable bipartisan support. Democratic lawmakers joined with Republicans to pass the stablecoin bill 308-122.
On Tuesday, a dozen conservatives sank a procedural vote to advance three crypto bills, including the GENIUS Act, which would establish a regulatory framework for the $250 billion market for stablecoins, a type of cryptocurrency tied to the value of an asset like the U.S. dollar.
The U.S. House of Representatives passed the Department of Defense Appropriations Act early Friday morning. The bill would allocate approximately $832 billion in defense funds for Fiscal year 2026 and would include a 3.8% pay increase for military members.
The House of Representatives voted to send a rescissions package clawing back $9 billion in cuts to foreign aid and
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National Defense Authorization Act (NDAA), which must still pass the annual appropriations process, cleared the lower chamber in a 221-209 vote, with five Democrats joining almost every
The House early approved legislation early Friday allocating roughly $832 billion in funding for defense programs for fiscal 2026, just weeks after Republicans approved a separate $150 billion
“Around the world, payment systems are undergoing a revolution,” said House Financial Services Chair French Hill of Arkansas as lawmakers debated the stablecoin legislation Thursday morning. Hill said the bill will “ensure American competitiveness and strong guardrails for our consumers.”
House lawmakers passed the most significant crypto legislation to date while grappling with a trio of bills aimed at revamping the nascent industry after a revolt from GOP hardliners derailed a
President Donald Trump’s “big, beautiful bill,” which he signed into law earlier this month, includes major wins for business interests that carried out aggressive lobbying campaigns on Capitol Hill to secure favorable treatment for their industries.