tl;dr
The U.S. House of Representatives narrowly passed House Resolution 580 after nearly 10 hours of voting, breaking a procedural deadlock and reopening the path for three key crypto bills. Former President Trump called in during the final negotiations, endorsing the agreement reached. The deadlock was ...
The U.S. House of Representatives narrowly passed House Resolution 580 with a 217-212 vote following nearly 10 hours of intense negotiations, marking the longest vote in House history. This development revives the path forward for three major crypto-related bills after a procedural standoff. Former President Donald Trump called in at the final moment of talks, expressing satisfaction with the agreement reached in Speaker Mike Johnson's office.
Key to breaking the deadlock was the agreement to attach the Anti-CBDC Surveillance State Act to the must-pass National Defense Authorization Act (NDAA), addressing conservative concerns about surveillance and financial privacy. House Majority Whip Tom Emmer emphasized that this move would prevent unelected bureaucrats from transforming Americans’ financial data into a surveillance tool.
This legislative breakthrough now clears the way for final votes on three critical crypto bills: the GENIUS Act, which regulates stablecoins; the market-structure focused CLARITY Act; and the Anti-CBDC Surveillance State Act. Crypto industry leaders have welcomed the progress, highlighting that such regulatory clarity is essential for encouraging institutional participation and securing the technology’s future.
House Majority Leader Steve Scalise listed the crypto bills for consideration under procedural rules, signaling readiness for final floor votes. The GENIUS Act is scheduled for a vote soon, with expectations it might become the first major crypto legislation to be signed into law. The CLARITY Act’s vote may follow early next week.
Despite broad Republican agreement, notable opposition remains from figures like Rep. Marjorie Taylor Greene, who has firmly rejected the bills, describing them as harmful to financial freedom. Earlier in the week, a failed vote with significant Republican defections had prompted Trump to intervene directly, persuading holdouts to back the measures.
The resolution of this legislative impasse marks a significant moment for America’s crypto policy landscape, balancing regulatory oversight with protections for privacy and innovation. As the final votes approach, the industry and legislators alike watch closely, aware that these decisions could redefine the future of digital finance in the United States.