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The US House is poised to attempt to advance three cryptocurrency bills again on Wednesday after aborting a re-vote on Tuesday due to several Republican legislators withdrawing their backing, seeking to introduce a ban on central bank digital currencies (CBDCs).
Republican House Speaker Mike Johnson expressed optimism about initiating a procedural vote for the bills on Wednesday, stating it’s “a priority of the White House, the Senate, and the House to enact all of these crypto bills,” as reported by Politico reported.
Some Republicans advocated for modifications to the stablecoin-regulating GENIUS Act or for it to be bundled with two other cryptocurrency bills scheduled for a vote this week — the CBDC-prohibiting Anti-CBDC Surveillance Act and an expansive crypto market structure legislation known as the CLARITY Act.
However, Johnson reportedly mentioned that “we need to address them in order,” indicating that the Senate might not approve the bills if they were all combined.
The push to pass the bills is part of the Republican-led initiative termed “Crypto Week” aimed at enacting crypto regulations before Congress takes a month-long recess in August. Meanwhile, Democrats have labeled this as an “anti-crypto corruption week” to contest the bills.
CBDC issues hinder legislation
House Majority Leader Steve Scalise joined 12 other Republican legislators in voting against considering the bills on Tuesday. The dissenters included Andrew Clyde, Tim Burchett, Andy Biggs, Eli Crane, Michael Cloud, Marjorie Taylor Greene, Andy Harris, Anna Paulina Luna, Scott Perry, Victoria Spartz, Chip Roy, and Keith Self.
Another vote to advance the bills was anticipated, but the House adjourned before any further steps were undertaken.
Representatives Biggs, Burchett, Green, Luna and Spartz took to X post-vote and indicated that they were not opposed to the crypto bills but did not wish to approve the GENIUS Act unless it had a specific prohibition on a CBDC.
“I just voted NO on the Rule for the GENIUS Act because it does not contain a prohibition on central bank digital currency and because Speaker Johnson didn’t allow us to propose amendments to the GENIUS Act,” Green stated.
I just voted NO on the Rule for the GENIUS Act because it does not include a ban on Central Bank Digital Currency and because Speaker Johnson did not allow us to submit amendments to the GENIUS Act.
Americans do not want a government-controlled Central Bank Digital Currency.… pic.twitter.com/NnkeIOH0dE
— Rep. Marjorie Taylor Greene🇺🇸 (@RepMTG) July 15, 2025
Biggs expressed his concerns regarding the GENIUS Act having a framework for a layered CBDC and not ensuring self-custody. He is advocating for amendments.
“House Leadership must permit an open amendment process so Members can freely discuss and enhance the bill,” Biggs further commented.
US President Donald Trump included a restriction on the Federal Reserve’s ability to create a CBDC in a January executive order.
Number of bills also a point of contention
Speaker Johnson is reportedly in discussions with the Republican dissenters to push forward the legislation, as reported by ABC News reported on Tuesday.
However, he remarked that the Republican “no” voters desiring to combine the three crypto bills into one is a significant issue.
“They wish to merge that and consolidate them. We’re striving to collaborate with the White House and with our Senate partners concerning this,” Johnson stated.
“I believe everyone is committed to enacting all three, but some insist that it needs to be presented as one comprehensive package.”
House reconvenes Wednesday
The House is scheduled to reconvene on Wednesday for a morning session and other “legislative activities.”
Caitlin Long, founder and CEO of Custodia Bank, noted in a post on X on Tuesday that the legislation’s failure to pass on the first attempt should not be seen as alarming since the GENIUS Act also didn’t pass the Senate initially.
Related: Crypto-backed group gathers $141M funding to influence US elections
“BEFORE Y’ALL PANIC, remember that the first procedural vote in the Senate on the GENIUS Act also failed…the subsequent one succeeded 11 days later,” she mentioned.
The GENIUS Act passed in the Senate in June with bipartisan backing, but it initially did not pass a cloture vote in the Senate in May due to Democratic opposition to Trump’s rising ties with the cryptocurrency industry.
In the meantime, Eleanor Terrett, host of the Crypto in America podcast, noted that the GENIUS Act already forbids the Fed from establishing a retail CBDC.
“The section below specifies that the bill shall not be interpreted as extending the Fed’s authority to provide services directly to the public — meaning it cannot authorize endeavors like digital wallets, personal accounts, or anything approaching CBDC boundaries,” she remarked.
Magazine: GENIUS Act reopens the door for a Meta stablecoin, but will it work?
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