17.07.2025 11:52
The U.S. House of Representatives significantly advanced the cause of digital asset regulation, pushing forward both the CLARITY and GENIUS Acts after an unprecedented procedural vote. This marathon session, the longest in congressional history, stretched nearly ten hours, ultimately culminating in a narrow victory. Floor votes on these crucial bills could occur as early as tomorrow.
Following intense behind-the-scenes negotiations, the House narrowly approved the procedural rule by a vote of 217 to 212, as confirmed by reporter Eleanor Terrett. This pivotal procedural vote paves the way for final votes not only on the CLARITY and GENIUS Acts, but also on other critical legislation, including the defense spending bill. The protracted debate involved considerable maneuvering, with several Republican representatives who initially opposed the measure changing their votes.
Crucially, these shifts in allegiance followed meetings with former President Trump. According to Terrett, these lawmakers received assurances that strong anti-Central Bank Digital Currency (CBDC) language would be incorporated into the CLARITY Act. This addition addressed concerns regarding potential federal overreach, proving sufficient to sway undecided representatives. Although the GENIUS Act remains closed to amendments, the compromise on the CLARITY Act proved pivotal in securing the procedural vote's success.
House Financial Services Committee Chairman French Hill issued a statement commending the outcome, extending his congratulations to former President Trump, Speaker Mike Johnson, and other Republican leaders for their collaborative efforts. Hill's statement celebrated the advancement of what he termed a "golden age of digital assets." The bipartisan accomplishment, he argued, reflects the successful navigation of President Trump's digital asset policy through the House. The CLARITY Act, a collaborative effort spearheaded by House Agriculture Committee Chairman G.T. Thompson and Subcommittee Chairs Dusty Johnson and Bryan Steil, seeks to establish clear regulatory parameters for the digital asset market. Meanwhile, Majority Whip Tom Emmer's separate anti-CBDC initiative also played a significant role in the overall legislative strategy.
