In a scene worthy of the grandest of farces, a dozen of the House’s gallant Republicans decided to play the role of modern-day Don Quixotes, bravely charging at windmills of Pentagon funding and cryptocurrency legislation this bleak Tuesday.
According to the illustrious The Hill, the noble quest to commence debates on the fiscal 2026 Pentagon funding billācoincidentally paired with a trio of crypto monstrositiesācollapsed faster than a cheap stage prop at a poorly produced play, resulting in a not-so-epic 196-223 defeat. Among the unfortunate casualties of this legislative drama were the GENIUS Actāit was supposed to define the parameters of the elusive stablecoin, the Digital Asset Market Clarity Act (because who wouldn’t want a bit more clarity in their life?), and the Anti-CBDC Surveillance State Act which would prevent the Federal Reserve from fabricating its own digital ghost currency. Spectacular, isnāt it? š
Speaker Mike Johnson, channeling the spirit of orchestral conductors, remarked that some renegade Republicans insisted on marrying the Houseās Clarity Act with the Anti-CBDC bill into one grand legislative opera, intertwining it with the Senateās GENIUS Actāclearly, they were aiming for a masterpiece of legislative confusion! Meanwhile, the Majority Leader, in a dazzling display of procedural acrobatics befitting the best circus acts, suddenly proposed a “no” vote, leaving room for an encore. And lo! Johnson vowed to negotiate further with Senate leaders, the GOP troops, and the White House to dismantle this chaotic impasse. Earlier in this political circus, the ever-enthusiastic U.S. President Donald Trump had dramatically implored Congress to speedily pass the stablecoin saga. Bravo! š
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2025-07-16 01:03