The three landmark Republican-led US crypto payments are caught in limbo after failing a second procedural vote that will have superior them to a full flooring vote within the Home of Representatives. The GENIUS, CLARITY, and Anti-CBDC Acts have been anticipated to go each the Home and Senate with none problems and probably be signed into regulation by President Donald Trump, who totally helps them, earlier than the tip of the week.
On Wednesday, lawmakers voted 215 to 211 to maneuver ahead and later take a vote on the Guiding and Establishing Nationwide Innovation for U.S. Stablecoins Act (GENIUS), the Digital Asset Market Readability Act (CLARITY), and the Anti-CBDC Surveillance State Act.
The GENIUS Act goals to create a sturdy regulatory framework for dollar-backed stablecoins, the CLARITY Act would supply a transparent designation for the US Securities and Change Fee (SEC) and the Commodity Futures Buying and selling Fee (CFTC) to manage crypto property, and the Anti-CBDC invoice appears to limit the Federal Reserve from issuing a digital greenback on to customers.
Home Freedom Caucus Members Vote In opposition to U.S. Crypto Payments, Calls for Ban on Fed-Issued Digital Greenback
The three payments, which obtained zero assist from Home Democrats, had failed an earlier procedural vote on Tuesday after twelve Republicans, together with Representatives Marjorie Taylor Greene, Chip Roy, Anna Paulina Luna, Andy Biggs, and Michael Cloud, voted in opposition to it. These lawmakers, who’re additionally members of the Home Freedom Caucus, demanded a complete CBDC ban, resulting in the laws falling wanting the bulk assist wanted to go and stopping the chamber from additional debates for the day.
Speaker Mike Johnson informed reporters after the vote that the handline critics needed to merge the GENIUS, CLARITY, and Anti-CBDC Acts right into a single product. Home Majority Chief Rep. Steve Scalise, who was one of many naysayers, moved to permit the chamber to think about the procedural rule as soon as an settlement has been reached with the Republicans.
Following this fiasco, President Trump stated in a Fact Social publish that he met with 11 of the 12 representatives within the Oval Workplace and satisfied them to vote in favor of the laws. Trump is raring to get the payments handed earlier than Congress goes on a month-long break in August.
A few of the Republicans who voted in opposition to the GENIUS Act took to X and clarified that they weren’t in opposition to the crypto laws however didn’t wish to go it until it included particular language that ensured a CBDC ban.
Rep. Greene stated she voted “NO” as a result of Speaker Johnson didn’t enable the group to submit amendments to the GENIUS Act. She wrote in an X publish that Individuals are not looking for a “government-controlled” central financial institution digital foreign money, and Republicans should hold the promise as a result of Trump included the ban in his January twenty third government order, and Congress should contemplate it within the GENIUS Act.
Rep. Biggs raised issues over the GENIUS Act’s proposed framework for a layered CBDC and that the invoice doesn’t assure crypto self-custody. He urged the Home management to permit an open modification course of so members can freely debate and enhance the invoice.
Rep. Andy Harris posted on X that members of the Home Freedom Caucus, which he chairs, reached an settlement with the President to assist the invoice throughout Wednesday’s voting, and the Home Guidelines Committee would reconvene so as to add “clear, robust” anti-CBDC provisions to the CLARITY Act.
Home Freedom Caucus Members reached an settlement tonight to advance the President’s cryptocurrency agenda and, as a part of this settlement, the Nationwide Protection Authorization Act (NDAA) will embrace robust anti–Central Financial institution Digital Forex (CBDC) protections on this must-pass…
— Rep. Andy Harris, MD (@RepAndyHarrisMD) July 17, 2025
“This is a crucial step to make sure Individuals are protected against authorities overreach into their monetary privateness,” Harris stated.
Forward of the second procedural vote, Greene wrote in an X publish that the one strategy to assure a ban on a central financial institution digital foreign money is thru regulation. She reiterated that the GENIUS Act doesn’t ban CBDC or preserve folks’s chain of custody.
GENIUS and CLARITY Acts Fail Second Home Procedural Vote as Lawmakers Debate Anti-CBDC Provisions
When Home lawmakers returned on Wednesday, they handed the movement to rethink the Freedom Caucus’ proposed modification, however had but to comply with the decision. Nevertheless, simply hours after the primary spherical of procedural votes to maneuver ahead the crypto laws, it stalled once more for the second time as 5 Republicans voted in opposition to the decision. In line with experiences, a vote on the payments stays open on the Home flooring as key lawmakers are discussing the following steps.
Folks accustomed to the matter are calling the state of affairs that has unfolded a “whole mess” and never what that they had anticipated in the course of the Crypto Week. There stays a chance that Trump might push for the GENIUS draft to be on his desk by Sunday, however Representatives Greene and Roy are adamant about together with anti-CBDC language within the invoice, regardless of voting sure for the primary procedural vote on Wednesday.
There may be some fact to the matter, because the Federal Reserve has been exploring the opportunity of issuing a CBDC and revealed a report in 2022 that examined the professionals and cons of a digital greenback. Nevertheless, Fed officers like Governor Michelle Bowman have thrown chilly water on the thought, stating that the central financial institution has but to see a compelling argument for a US CBDC, and dollar-backed stablecoins may very well be the answer. Fed chairman Jerome Powell additionally maintained that the central financial institution received’t situation a digital greenback with out congressional approval.
In the meantime, Home Democrats proceed to push in opposition to all three payments, calling the shortage of amendments to deal with Trump’s crypto ventures a “battle of curiosity”. Prime Democrat of the Home Monetary Providers Committee, Rep. Maxine Waters, stated the CLARITY and GENIUS Acts are two of essentially the most harmful items of laws, claiming they’re a “gift-wrapped invitation” for the President to proceed his “full-scale crypto con”.
Lawmakers proceed to work on finalizing a deal and getting sufficient votes to go all three payments by the Republican-led Home earlier than shifting them to the Senate. Whereas the Senate has already handed the GENIUS Act, it nonetheless must vote on the CLARITY and Anti-CBDC payments, after which, they are going to be despatched to the Oval Workplace to be signed into regulation by the President.
