House Breaks Record Stalemate to Advance Landmark ‘Crypto Week’ Bills
Stablecoin, market structure, and anti-CBDC legislation clear procedural hurdle after Trump-led GOP deal.
After a grueling, record-setting nine-hour stalemate, the Republican-led U.S. House of Representatives late Wednesday finally advanced a package of high-stakes cryptocurrency bills, breathing new life into what lawmakers have dubbed “Crypto Week.”
The vote, which had been stalled by GOP infighting since Tuesday, ended with a narrow 217-212 decision to move forward with three major bills: the GENIUS Act (focused on stablecoin regulation), the Digital Asset Market Clarity Act, and a controversial anti–Central Bank Digital Currency (CBDC) measure. The breakthrough came only after House leadership agreed to attach the anti-CBDC language to the must-pass National Defense Authorization Act (NDAA), a compromise that ultimately won over enough conservative holdouts to end the impasse.
Trump Applies Pressure Behind the Scenes
President Donald Trump, who has recently embraced the crypto industry with open arms, played a central role in brokering the agreement. Trump reportedly spoke directly with GOP House leaders and several Freedom Caucus members throughout the week to rescue the bills from collapse.
“Attaching our Anti-CBDC Surveillance State Act to the NDAA will ensure unelected bureaucrats are NEVER allowed to trade Americans’ financial privacy for a CCP-style surveillance tool,” House Majority Whip Tom Emmer declared on X. “President Donald Trump has made it clear: our legislation is a key piece of our America First agenda, and we will deliver.”
Speaker Mike Johnson echoed the sentiment, telling reporters, “I’m pleased that we’ll be able to get this done. The president is as well. I just spoke with him, and obviously this is a big priority for him, and it was for us.”
The bills had previously been blocked when a bloc of Republican lawmakers, including Reps. Marjorie Taylor Greene, Chip Roy, and Andy Biggs opposed the procedural rule. Only Greene ultimately voted against the new rule on Wednesday.
The Longest Vote in House History
Wednesday’s procedural vote shattered the record for the longest in House history, lasting from 1:19 p.m. to 11:04 p.m. Eastern. The delay was caused by internal Republican negotiations aimed at placating hardliners who demanded stronger protections against a potential government-issued digital dollar.
For several hours, Speaker Johnson huddled in his office with GOP holdouts, working to salvage the vote. Eventually, nine of the original Republican defectors flipped, with only Greene holding her ground. The vote cleared the way for debate and final votes on the three crypto-related bills.
“This deal breaks the logjam, allows us to get our work done,” Johnson said. “Sometimes it takes longer than at other times, but it’s all part of the process. And you all know that’s how this works. We built consensus, and we got it done tonight. So, I’m very pleased.”
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What’s in the Crypto Bills?
The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) would establish a long-awaited regulatory framework for stablecoins, cryptocurrencies designed to maintain a fixed value, typically pegged to the U.S. dollar. The bill has already passed the Senate and, pending House approval, is expected to reach President Trump’s desk by the end of the week.
The Digital Asset Market Clarity Act, or CLARITY, seeks to resolve long-standing jurisdictional ambiguity between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding digital assets. It provides definitions that clarify when a crypto asset is considered a security versus a commodity.
The third proposal, the Anti-CBDC Surveillance State Act, aims to prevent the Federal Reserve from issuing a central bank digital currency directly to individuals, which many conservatives view as a step toward government surveillance of personal financial transactions. That bill will now be wrapped into the NDAA, which nearly always passes through Congress.
Freedom Caucus Chairman Rep. Andy Harris supported the compromise, writing on X, “This is an important step to ensure Americans are protected from government overreach into their financial privacy.”
What Comes Next?
The House plans to vote on the GENIUS Act on Thursday. If passed, it heads directly to Trump’s desk for his signature. Votes on CLARITY and the anti-CBDC language could come later this week or early next.
Despite unified Democratic opposition during the procedural votes, the bills are expected to garner some bipartisan support during final passage, especially the GENIUS Act, which has already cleared the Senate. Still, Democrats have voiced strong reservations about the package as a whole.
“Let’s be clear, these bills are a gift-wrapped invitation for Trump to continue his full-scale crypto con,” said Rep. Maxine Waters, the top Democrat on the House Financial Services Committee.
Whether that framing sticks remains to be seen. For now, Trump’s growing embrace of crypto and his intervention on Capitol Hill have pushed long-stalled legislation toward the finish line and potentially laid the foundation for the first federal crypto framework in U.S. history.
After reaching a new all-time high of $123,055.43 on Monday, Bitcoin (BTCUSD) is currently changing hands at $118,013.60. Ethereum (ETHUSD) last traded at $3,428.34.
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