Record-Setting Vote Clears the Road
In a historic 10-hour procedural standoff, the U.S. House of Representatives passed House Resolution 580 by a narrow 217-212 margin on Wednesday, effectively resurrecting the path for three major crypto-focused bills. This procedural rule—now the longest vote in House history—ensures that lawmakers can finally hold formal votes on the GENIUS Act, CLARITY Act, and the Anti-CBDC Surveillance State Act.
The deadlock broke when eight Republican holdouts switched sides, following a key compromise: attaching the Anti-CBDC bill to the must-pass National Defense Authorization Act (NDAA). This strategic move ensured its passage and defused internal GOP friction.
The House adopted H. Res. 580 by a vote of 217-212. https://t.co/pxHokNMdJx
— House Press Gallery (@HouseDailyPress) July 17, 2025
The House adopted H. Res. 580 by a vote of 217-212. https://t.co/pxHokNMdJx
— House Press Gallery (@HouseDailyPress) July 17, 2025
Trump Intervenes, Party Falls in Line
The last-minute turnaround wasn’t accidental. President Donald Trump reportedly called in during the final round of talks and expressed satisfaction with the compromise struck in Speaker Mike Johnson’s office. This presidential push reportedly swayed remaining GOP dissenters, especially after Tuesday’s failed vote where 12 Republicans voted against the motion, stalling all crypto-related legislative momentum.
Following the procedural win, House Majority Leader Steve Scalise included the three bills in Thursday’s legislative schedule, indicating they are now formally eligible for final votes.
Votes Scheduled, Industry Cheers
The GENIUS Act, focused on stablecoin regulations, is now set for a final floor vote on Thursday. If passed, it will become the first major crypto bill signed into U.S. law. The CLARITY Act, aimed at defining SEC and CFTC roles in crypto regulation, may see its vote pushed to early next week. Meanwhile, the Anti-CBDC Act is now embedded into the NDAA, guaranteeing its passage.
Crypto advocates immediately celebrated the House breakthrough.
Divided Republicans, Unshaken Critics
While most Republican lawmakers fell in line, Rep. Marjorie Taylor Greene remained unmoved. She took to X to reiterate her opposition:
Her main objection centers on the GENIUS Act’s perceived vagueness around banning Central Bank Digital Currencies (CBDCs), despite party assurances and the inclusion of the Anti-CBDC Act.
The GOP leadership’s ability to unify around the issue, with Trump’s personal intervention, is now seen as a major political win ahead of the full floor vote.
What’s Next for Crypto Legislation?
On Thursday, the GENIUS Act vote could mark a turning point in U.S. crypto policy. The bill would mandate that stablecoins be fully backed by liquid reserves, impose annual audits for major issuers, and establish foreign issuance guidelines—potentially reshaping the U.S. stablecoin market overnight.
The CLARITY Act, once approved, will define crypto asset classification and supervisory roles, providing long-sought clarity for both startups and institutional players.
As Crypto Week reaches its peak, the mood in Washington has flipped from uncertainty to optimism. Industry leaders, investors, and legislators are now looking toward a landmark moment that could finally position the U.S. as a regulatory leader in the global crypto space.
