The U.S. Home of Representatives late Wednesday cleared a key procedural hurdle for cryptocurrency laws
The U.S. Home of Representatives late Wednesday cleared a key procedural hurdle for cryptocurrency laws, voting 217–212 to undertake Home Decision 580 after an unprecedented 9-hour-45-minute roll-call ─ the longest in chamber historical past. The rule opens ground debate on three digital-asset payments in addition to the fiscal 2026 protection appropriations measure, ending a two-day standoff that had frozen exercise in what Republican leaders dubbed “Crypto Week.”
Passage of the rule revives the GENIUS Act, a Senate-approved invoice that might create the primary federal regulatory framework for U.S. dollar-backed stablecoins; the Digital Asset Market Readability Act, which seeks to separate oversight of cryptocurrencies between the Securities and Alternate Fee and the Commodity Futures Buying and selling Fee; and the Anti-CBDC Surveillance State Act, aimed toward barring the Federal Reserve from issuing a retail central-bank digital foreign money. A primary try and advance the bundle failed 196–223 on 15 July when 210 Democrats and 13 Republicans broke ranks.
President Donald Trump personally pressed Republican holdouts within the Oval Workplace, serving to flip eight votes and safe Wednesday’s consequence. Speaker Mike Johnson stated the Home will take up the GENIUS Act on 18 July, with the market-structure invoice seemingly the next week and anti-CBDC language slated for inclusion within the Nationwide Protection Authorization Act. If the decrease chamber passes the stable-coin invoice unchanged, it might go on to Trump’s desk, positioning the USA for its first complete federal crypto statute.
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