The U.S. House of Representatives struggles to advance key cryptocurrency bills, with internal GOP divisions complicating legislative progress and President Trump’s proposed merger of anti-CBDC measures with the Clarity Act.
On July 17, the U.S. House of Representatives faced a deadlock on three critical cryptocurrency bills, failing to reach consensus during procedural voting. While a motion to reconsider debate rules passed narrowly at 217-215, the final vote saw 210 in favor and 218 against, necessitating the flipping of four Republican votes to advance the legislation. The stablecoin bill, particularly the Senate's GENIUS Act, was a focal point of controversy. Reports indicate President Trump has reached an agreement with opposing lawmakers to merge anti-CBDC legislation with the Clarity Act, potentially jeopardizing Democratic support.