House Revives Major Crypto Bills, Eyes Trump’s Signature for Stablecoin Law
After internal GOP divisions briefly derailed plans, U.S. House lawmakers are once again advancing a trio of major cryptocurrency bills, with one potentially reaching President Donald Trump by week’s end.
On Wednesday, the House voted 215–211 to revive the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), which would create a regulatory framework for stablecoins. The bill, previously passed by the Senate, could soon head to Trump’s desk for final approval.
In a coordinated push dubbed “Crypto Week” by Republicans, lawmakers also voted to proceed with the Digital Asset Market Clarity Act, which aims to define the roles of the SEC and CFTC in overseeing the broader crypto industry. Additionally, the House advanced a third proposal to block the Federal Reserve from issuing a central bank digital currency (CBDC) directly to Americans, citing concerns about financial surveillance and privacy.
No Democrats supported moving forward with the legislation, underscoring a sharp partisan divide. Rep. Maxine Waters (D-Calif.), the top Democrat on the House Financial Services Committee, blasted the proposals as “dangerous” and warned they would enable “Trump’s full-scale crypto con.”
The revival comes after a failed procedural vote on Tuesday, when several hardline Republicans — including Reps. Marjorie Taylor Greene and Chip Roy — temporarily sank the effort over CBDC concerns. Greene, a vocal critic of central bank digital currencies, initially opposed the GENIUS bill but later flipped her vote after reassurances from GOP leaders.
Rep. Andy Harris (R-Md.), chair of the House Freedom Caucus, confirmed on X that conservatives struck a deal to support the bills now, with plans to add stronger CBDC restrictions later. “This is an important step to ensure Americans are protected from government overreach into their financial privacy,” he wrote.
Trump himself reportedly stepped in Tuesday night to rally support among House Republicans, smoothing the way for Wednesday’s turnaround vote.
Next steps: the GENIUS Act heads directly to Trump for signature, while the Clarity and anti-CBDC bills will require Senate approval. With rising interest in crypto policy and growing skepticism over digital fiat from both parties, the coming votes could shape U.S. digital asset regulation for years to come.