Key Insights:
- House prepares to vote on GENIUS, CLARITY, and Anti-CBDC crypto bills this week.
- Procedural challenges delayed progress, but leaders now expect all three bills to pass.
- Trump-backed negotiations and GOP strategy revived momentum after initial deadlock.
The U.S. House of Representatives is preparing to vote on three major cryptocurrency bills this week after overcoming initial resistance. Rep. French Hill stated that the House now holds enough support to pass the GENIUS Act, CLARITY Act, and Anti-CBDC bill. These votes follow a temporary setback on Tuesday due to GOP holdouts and united Democratic opposition.
Hill confirmed the new approach involves separate votes for each bill, increasing their chance of success. The GENIUS Act, already passed by the Senate, focuses on regulating stablecoins backed by the U.S. dollar. Meanwhile, the CLARITY Act is designed to define the regulatory roles of the SEC and CFTC in digital asset markets.
The Anti-CBDC Act prohibits the Federal Reserve from issuing a central bank digital currency without Congressional approval. Lawmakers from both parties are expected to support this bill, reflecting privacy concerns and fears of government overreach. Rep. Emmer sponsored the legislation, which has gained traction due to growing skepticism over CBDCs.
Bill Sequencing and Trump Intervention Reshape Legislative Path
Trump played a key role in reviving momentum by securing commitments from 11 GOP holdouts late Tuesday evening. His discussions led to renewed agreement among House Republicans to move forward with the GENIUS Act vote on Wednesday. Speaker Mike Johnson and House Majority Whip Tom Emmer are coordinating the updated voting sequence.
According to Politico, Republican leaders discussed merging CBDC provisions into the CLARITY Act, but the strategy lacked full support. The House instead decided to advance all three bills separately to avoid further delays. Majority Leader Steve Scalise confirmed that the legislative work on all three would proceed by Wednesday.
The CLARITY Act received attention from stakeholders, including the Independent Community Bankers Association, who warned against opening loopholes for crypto firms. They raised concerns about “shadow banking” and urged lawmakers to maintain strong consumer protections. Meanwhile, analysts like Greg Benhaim of 3iQ said passage could support long-term innovation but might not immediately impact prices.
Hill expressed optimism that clear regulatory frameworks will encourage responsible growth in the U.S. crypto market. The GENIUS Act vote now takes priority, with the CLARITY and Anti-CBDC bills to follow. Lawmakers continue negotiations on final sequencing as “Crypto Week” moves forward in the House.
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