House GOP plans quick re-vote on crypto bills amid CBDC dispute

Key Points

1. House Speaker Mike Johnson aims to advance three crypto bills on Wednesday after a delayed re-vote due to Republican dissent over CBDC-related amendments.

2. Some Republican lawmakers, including Marjorie Taylor Greene and Andy Biggs, opposed the GENIUS Act for lacking a CBDC ban and restrictions on Federal Reserve actions.

3. The Republican-led 'Crypto Week' initiative seeks to pass crypto legislation before Congress's August recess, while Democrats label it 'anti-crypto corruption week.'

4. Caitlin Long noted the GENIUS Act initially failed in the Senate but later passed, while Eleanor Terrett clarified the bill already prohibits the Fed from creating a retail CBDC.

5. President Donald Trump previously included a CBDC ban in an executive order, reflecting ongoing political tensions around digital currency regulation.