Bonk, the memecoin on Solana, continues to post an impressive run, with its price up 15% and leading the top 100 cryptocurrencies over the past 24 hours. The uptick for Bonk (BONK) comes as the memecoin’srally pushes its price up…

Bonk gains 15% to lead memecoins as altcoins eye rally

Crypto legislation appears to be back on track after US lawmakers passed a 
motion to reconsider three crucial digital asset bills in a narrow vote. This 
effort follows Tuesday’s failed attempt to advance the proposed legislation to 
a floor debate during the “Crypto week.” Related Reading: SUI Eyes 140% Move 
As Price Reclaims $4 – New ATH Imminent? US House Passes Motion To Reconsider 
On Wednesday, the US House of Representatives voted on a motion to reconsider 
three major crypto legislations that failed to pass their procedural vote on 
Tuesday. As reported by NewsBTC, Congress’s lower chamber blocked the motion 
in a 196-223 vote, with 13 Republicans siding with the Democrats. Following 
the failed vote, Lawmakers had reportedly planned to hold a vote to reconsider 
the motion for later in the day, but it was ultimately scheduled for Wednesday 
morning. On Tuesday night, US President Donald Trump personally met with 11 of 
the 12 Republican representatives needed to pass the bills, securing their 
support. The lawmakers met for the second time this week to decide the fate of 
the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) 
Act, the Digital Asset Market Clarity (CLARITY) Act of 2025, and the anti-CBDC 
(Central Bank Digital Currency) bill. The motion to reconsider the trio of 
bills cleared the House in a 215-211 vote, with all Republican representatives 
voting in favor this time. Now, the US House prepares to hold a new procedural 
vote later today and decide whether to send the three landmark bills to a 
final vote. Representative Andy Harris shared on X that “House Freedom Caucus 
Members will be voting in favor of the rule today after reaching an agreement 
with President Trump last night.” Under the agreement, the House Committee on 
Rules will meet today to include “clear, strong, anti–Central Bank Digital 
Currency (CBDC) provisions to the CLARITY legislation” to ensure Americans are 
“protected from government overreach into their financial privacy.” Crypto 
Legislation Faces New Challenges Despite the crucial approval of a motion to 
reconsider, the bills now face a new roadblock. Politico reporter Meredith Lee 
Hill revealed that “there’s another crypto mess unfolding on the House floor.” 
In a series of X posts, the journalist affirmed that the potential merger of 
two of the three crypto legislations could pose a problem for the upcoming 
vote. Seemingly, the House Grand Old Party (GOP) leaders are trying to combine 
the House’s market structure and anti-CBDC bills after passing the floor. 
However, Republicans from the House Financial Services Committee are 
hesitating at that plan, as it “will doom Clarity.” House Agriculture 
Committee Republican representatives also consider that combining the two 
bills could kill the CLARITY Act, arguing that “even the threat of doing this 
emergency rules meeting may have already done so.” Journalist Eleanor Terret 
added that combining the bills could make CLARITY harder to pass because “they 
risk losing Dem votes over the anti-CBDC language.” A GOP Senate staffer 
reportedly told Terret that they are “just hoping the House can move 
something, anything, so crypto legislation can survive to the next step. We 
have options to move forward, but no one wants another failed vote that kills 
momentum.” Related Reading: Top Crypto Exchanges Made $172 Million From TRUMP 
Memecoin Listing – Report Meanwhile, the GENIUS Act would remain a standalone 
bill, despite previous attempts to merge it with the market structure bill. 
Since it already passed the Senate, the bill only needs to pass the final 
House vote to head to President Trump’s desk. Despite the legislative 
uncertainty, the crypto market continues to recover from yesterday’s drop, 
with Bitcoin (BTC) holding the $119,000 area as support. Featured Image from 
Unsplash.com, Chart from TradingView.com

Crypto Relief: House Advances GENIUS, CLARITY, Anti-CBDC Bills After Narrow Vote

Ethereum surged past the $3,300 mark on July 16, trading at levels not seen 
since early February, as inflows into spot Ethereum exchange-traded funds hit 
a new all-time high. As of this writing, Ethereum (ETH) is up 7% over the…

Ethereum tops $3,300 as spot ETH ETF inflows hit record high — is $3,500 in sight?

World Liberty Financial has received near-unanimous support from its community 
to make the WLFI token tradable. The proposal closed on July 16 with 99.94% 
approval, following a week-long vote that began on July 9. The move will shift 
the WLFI…

World Liberty Financial approves proposal to make WLFI tokens tradable

The Canadian Bitcoin firm wants to hold 1% of the total supply of BTC over the 
next few years.

Canadian Bitcoin firm Matador eyes 6K Bitcoin treasury by 2027

PAX Technology has partnered with Lunu Pay to enable crypto payments across 
its global network of 80+ million terminals, letting retailers accept bitcoin, 
ethereum, and more with instant fiat conversion and zero volatility risk. 80 
Million Payment Terminals to Accept BTC, ETH and Other Cryptocurrencies In a 
major step toward real-world crypto adoption, PAX Technology, […]