U.S. House Stalls on Crypto Legislation Amid Procedural Hurdles
The U.S. House of Representatives hit another snag in advancing key cryptocurrency legislation, with a procedural vote dragging on for over 100 minutes. The Clarity Act, GENIUS Act, and Anti-CBDC Surveillance Act await final votes after an initial procedural motion passed narrowly at 217-215.
Disagreements over the stablecoin bill—particularly the House Freedom Caucus' opposition to the Senate's GENIUS Act version—delayed progress. President Donald TRUMP reportedly brokered a deal to merge the anti-CBDC bill with the Clarity Act, swaying 11 holdout lawmakers.
The legislative limbo underscores the contentious path forward for crypto regulation, with market participants closely watching for clarity on stablecoins and central bank digital currencies.
