House passes motion to reconsider crypto package containing the GENIUS Act
The defeat means the measures must be repackaged or brought to the floor individually in a new legislative effort.
Explore featured CryptoSlate stories, major headlines, and standout reporting from across the crypto, Bitcoin, and Web3 landscape.
Separately, Coinbase is backing federal political efforts through Fairshake, contributing $25 million to mid-terms.
SharpLink's ETH acquisitions mark the dawn of "collective capitalism," bolstering Ethereum's corporate appeal.
GameStop CEO emphasizes capital discipline with strategic Bitcoin hedging, not crypto expansion.
Combined with the Twenty One Capital SPAC, Cantor could accumulate nearly $10 billion in Bitcoin this year.
Critics says Fairshake is using its funding announcement to pressure Congress during pivotal 'Crypto Week.'
Both funds track futures contracts rather than holding the underlying tokens, mirroring the structure ProShares uses for its Bitcoin and Ethereum offerings.