17.07.2025 07:29

The U.S. House of Representatives overcame a significant procedural obstacle, narrowly approving a rule paving the path for a final vote on a trio of crucial cryptocurrency bills. This 217-212 vote represents a major step forward for the GENIUS Act, the Clarity Act, and the Anti-CBDC Act, bringing them closer to presidential consideration. The anticipated final vote on the GENIUS Act, designed to establish a national regulatory framework for stablecoins, is scheduled for Thursday.

A critical compromise proved instrumental in breaking the legislative deadlock. Initially, the bills faced opposition from some Republican representatives who voiced concerns that the GENIUS Act might unintentionally facilitate the creation of a Central Bank Digital Currency (CBDC). However, President Trump's intervention, coupled with the assurance of incorporating robust anti-CBDC provisions into the separate National Defense Authorization Act (NDAA), successfully allayed these concerns and secured enough votes for passage.

This pivotal procedural vote follows a week of intense activity in Washington D.C., often referred to as "Crypto Week," highlighting the increasing political significance of cryptocurrency regulation. The inclusion of strong anti-CBDC language in the NDAA appears to have been the key element in winning over hesitant lawmakers, effectively turning what was previously a stalled legislative process into a clear path towards enactment. According to Eleanor Terrett, with the procedural vote successfully concluded and the commitment to include anti-CBDC language in the NDAA, the House leadership is poised to bring both the GENIUS and potentially the CLARITY Act to a final vote as early as tomorrow. This legislative progress underscores a significant shift in the political landscape surrounding cryptocurrency regulation in the United States.