House Clears Key Crypto Bills for Final Vote After Record 9-Hour Standoff
2025-07-17 05:56:29
Main Idea
The U.S. House of Representatives passed House Resolution 580, reviving the path for three major crypto bills after a procedural standoff, with key amendments and political negotiations.
Key Points
1. House Resolution 580 passed with a 217-212 vote, advancing three major crypto bills after a near 10-hour procedural standoff.
2. Eight conservative Republicans switched sides after House leadership agreed to attach the Anti-CBDC amendment to the resolution.
3. The bills include the GENIUS Act, the CLARITY Act, and the Anti-CBDC bill, aimed at providing regulatory clarity and protecting financial privacy.
4. President Donald Trump intervened, convincing holdout Republicans to support the measure after initial opposition.
5. The GENIUS Act is scheduled for a floor vote, potentially becoming the first major crypto bill signed into law, while the CLARITY Act vote may be delayed.
Description
A nearly 10-hour procedural vote, the longest in House history, saw GOP lawmakers flip-flop on major crypto bills amid late-night talks.
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