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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
The 'GENIUS Act' has been submitted to the House for consideration, but progress depends on its alignment with the 'CLARITY Act'.
Gate News bot news, according to CoinGape, after breaking through legislative barriers in the Senate, the "GENIUS Act" may face new resistance in the U.S. House of Representatives. Some members of the House support combining the Stablecoin Act with the Cryptocurrency Market Structure Act as a prerequisite for smooth passage.
According to American Cryptocurrency journalist Eleanor Terrett's post on X, the House of Representatives has officially received the "GENIUS Act". Next, the House of Representatives will review and vote on the Senate version of the Stable Coin Act.
Last week, the Senate passed the 'GENIUS Act' with 68 votes in favor and 30 against, garnering strong bipartisan support. Under current rules, this Stable Coin bill will be submitted to the House for consideration. If passed without modification, the bill will be sent to the president for final approval.
However, key lawmakers in the House are trying to merge the recently received bill with another market structure bill, the "CLARITY Act." Hoyer revealed that Republican Majority Whip Tom Emmer is leading the effort to merge the "GENIUS Act" with the "CLARITY Act" before the vote.
The "CLARITY Act," also known as the encryption Market Structure Act, aims to provide comprehensive regulation for the entire Crypto Assets industry. The "CLARITY Act" has passed the House, but it is still unclear whether the merger plan will be successful. Attempting to merge the two bills will delay the passage of the "GENIUS Act," requiring Senate approval of these modifications.
After the Senate passed the GENIUS Act, US President Donald Trump urged the House of Representatives to pass the Stable Coin bill without amendment. Trump hopes that the House of Representatives will pass the GENIUS Act smoothly and urged it to reach his desk "as soon as possible."
The Senate Banking Committee on Digital Assets released its version of the 'CLARITY Act' principles, seeking to improve the House version.