U.S. House to Retry Crypto Bills Vote After Tuesday Failure

The U.S. House of Representatives is preparing to retry a key procedural vote on Wednesday, July 16, that would allow floor debate on a trio of major cryptocurrency bills, after GOP hardliners derailed the effort on Tuesday. The proposed bills include the GENIUS Act, which aims to regulate stablecoins; the CLARITY Act, which would establish rules to determine whether cryptocurrencies are securities or commodities; and the Anti-CBDC Surveillance State Act, which would prohibit the issuance of a U.S. central bank digital currency.

Speaker Mike Johnson confirmed late Tuesday that Republicans are working to resolve internal disagreements following the 196-222 vote failure, which halted momentum on the long-awaited legislative package. Johnson expressed confidence that the rule could pass on a second attempt, emphasizing that the crypto bills remain a “priority of the White House, the Senate, and the House.”

Internal Republican divisions remain a major obstacle. Some conservative lawmakers are pushing leadership to bundle all three bills into a single legislative package to increase pressure on the Senate, which recently passed the GENIUS Act with bipartisan support. However, Johnson pushed back on that idea, saying, “We have to do them in succession.” A senior Republican echoed that view, warning that tying the bills together would trigger a host of issues in the Senate, where a combined package would likely be dead on arrival.

Democratic opposition also played a role in Tuesday’s failure. Lawmakers cited concerns about weak consumer protections and potential conflicts of interest tied to Trump’s crypto-related ventures, including World Liberty Financial. The procedural breakdown came as a surprise during what was billed as “Crypto Week” on Capitol Hill, and the fallout was immediate. Market participants had been watching the House vote closely, especially after the Senate passed the GENIUS Act with bipartisan support last month. The industry remains hopeful that at least the stablecoin bill will advance, though more contentious proposals, such as the Anti-CBDC Act, may face steeper resistance in the Senate.

House Majority Leader Steve Scalise switched his vote to “no” as a procedural move to allow the chamber to re-vote on the measure at a later date. Plans are already in motion to hold a second vote, reportedly scheduled for around 21:00 UTC. This re-attempt highlights the determination of lawmakers to push forward with cryptocurrency regulation despite the setbacks.

In summary, the U.S. House of Representatives is set to retry a crucial procedural vote on Wednesday, July 16, following a failed attempt on Tuesday. This vote is essential for advancing a set of three significant cryptocurrency bills. The initial vote, which ended in a 196-222 defeat, was derailed by a group of hardline Republicans who opposed the measure. Speaker Mike Johnson confirmed late Tuesday that efforts are underway to address internal disagreements and secure a successful vote on the second attempt. The proposed bills include the GENIUS Act, which aims to regulate stablecoins; the CLARITY Act, which seeks to establish clear rules for determining whether cryptocurrencies are securities or commodities; and the Anti-CBDC Surveillance State Act, which would prohibit the issuance of a U.S. central bank digital currency. Johnson expressed confidence that the rule could pass on a second attempt, emphasizing that these crypto bills remain a priority for the White House, the Senate, and the House.

However, internal Republican divisions pose a significant challenge. Some conservative lawmakers advocate for bundling all three bills into a single legislative package to exert pressure on the Senate, which recently passed the GENIUS Act with bipartisan support. Johnson, however, has pushed back on this idea, stating that the bills must be addressed in succession to avoid complications in the Senate, where a combined package would likely face resistance. Democratic opposition also contributed to Tuesday’s failure. Lawmakers cited concerns about weak consumer protections and potential conflicts of interest related to Trump’s crypto-related ventures, including World Liberty Financial. The procedural breakdown occurred during what was billed as “Crypto Week” on Capitol Hill, and the fallout was immediate. Market participants had been closely watching the House vote, especially after the Senate passed the GENIUS Act with bipartisan support last month. The industry remains hopeful that at least the stablecoin bill will advance, though more contentious proposals, such as the Anti-CBDC Act, may face steeper resistance in the Senate.

The procedural vote failure was a surprise, and the swift re-attempt underscores the urgency and importance of these legislative efforts. House Majority Leader Steve Scalise switched his vote to “no” as a procedural move to allow the chamber to re-vote on the measure at a later date. Plans are already in motion to hold a second vote, reportedly scheduled for around 21:00 UTC. This re-attempt highlights the determination of lawmakers to push forward with cryptocurrency regulation despite the setbacks.