Crypto Legislation Faces Delay Amid GOP Disagreements, But New Vote Scheduled for Wednesday

2025-07-16 06:10:42

Main Idea

Efforts to advance three major crypto-related bills in the U.S. House were delayed due to internal disagreements among Republican lawmakers, particularly concerning the inclusion of a ban on central bank digital currencies (CBDCs) and the structure of the bills.

Key Points

1. The package includes the GENIUS Act (stablecoin regulation), the Anti-CBDC Surveillance Act, and the CLARITY Act (new market framework for crypto assets).

2. 13 Republicans, including House Majority Leader Steve Scalise, voted against considering the bills, citing concerns over the GENIUS Act's lack of provisions for CBDC restrictions and self-custody guarantees.

3. Speaker Johnson emphasized the need to pass the bills in succession, warning that the Senate would not approve them otherwise.

4. The GENIUS Act had previously failed its first Senate vote but passed later with bipartisan support; Custodia Bank CEO Caitlin Long urged calm, noting similar delays in the Senate.

5. Democrats criticized the Republican-led effort as 'anti-crypto corruption week,' while Republicans framed it as 'Crypto Week' to push for meaningful regulation before Congress adjourns.

Description

Efforts to advance three major crypto-related bills in the U.S. House hit a roadblock on Tuesday, as internal disagreements among Republican lawmakers forced a pause on a key procedural vote. At the heart of the dispute is a push by some members of the GOP to include a ban on central bank digital currencies (CBDCs) in the legislation. House Speaker Mike Johnson said he is hopeful the House will attempt to pass a procedural vote on Wednesday. “It’s a priority of the White House, the Senate and th...

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