US House Advances Crucial Crypto Bills After Lengthy Deliberations

By: Eliza Bennet

The United States House of Representatives has taken significant steps forward in advancing three important pieces of cryptocurrency legislation following an unprecedented nine-hour procedural vote. The extended vote was held as House Republicans engaged in intense negotiations over language in the bills that sought to ban Central Bank Digital Currencies (CBDCs). Ultimately, the measures passed narrowly with a 217-212 vote, marking a crucial milestone in the legislative process for crypto-related policies.

The legislative session focused on pivotal bills such as the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, the Digital Asset Market Clarity (CLARITY) Act of 2025, and another bill specifically designed to counter the implementation of CBDCs. This development occurs amid the backdrop of failed advances earlier in the week, which saw a motion to debate these bills initially blocked. However, following a series of late-night discussions and interventions by key figures, including a personal meeting by former President Donald Trump with 11 pivotal Republican representatives, a deal was reached to move forward.

Despite passing the procedural hurdle, the bills face new complexities. Reports indicate that there are considerations to merge the market structure bill with the anti-CBDC bill, posing a potential risk to the passage of the CLARITY act, which some GOP members warn could be doomed by such an integration. The GENIUS Act, which aims to set guidelines for stablecoins, remains unaffected by these considerations as a standalone piece of legislation. If passed, it would advance directly to executive consideration, having already cleared the Senate.

As the House continues its deliberation, the crypto market watches closely. The recent legislative proceedings have impacted the crypto economy, reflected in the fluctuating valuations of cryptocurrencies like Bitcoin, which currently holds firm support around the $119,000 mark amid market volatility. Analysts and stakeholders remain cautiously optimistic as they await the outcomes of subsequent House votes, essential to setting the national policy framework for cryptocurrencies and blockchain-related innovations in the United States.