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Democratic whip: No additional house crypto votes planned today
ByAinvest
Tuesday, Jul 15, 2025 4:43 pm ET1min read
Democratic whip: No additional house crypto votes planned today
House Democratic leaders have announced that they will not be whipping their members to vote on crypto-related bills today. This decision comes as the House is set to vote on several key crypto bills, including the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS Act), the Digital Asset Market Clarity Act, and the Anti-CBDC Surveillance State Act [1].The GENIUS Act, which aims to regulate the stablecoin market, is expected to pass the House this week. This bill, which passed the Senate in June with bipartisan support, seeks to create a clearer framework for banks and other entities to issue stablecoins. Supporters of the GENIUS Act argue that it will help safeguard investors and regulate the stablecoin market by ensuring issuers have the necessary reserves [2].
Some Democrats, such as Reps. Maxine Waters (D-Calif.) and Stephen Lynch (D-Mass.), have announced their own "anti-crypto corruption week" to oppose the crypto bills up for passage. Critics of the GENIUS Act argue that it compromises crypto's decentralization and could enable corruption [2].
Meanwhile, the growing influence of cryptocurrency firms in US elections is evident through the fundraising activities of Fairshake, a crypto-backed political action committee. Fairshake has raised $52 million in the first half of 2025, signaling the expanding role of cryptocurrency firms in shaping legislative outcomes [3].
The House's decision not to whip on crypto bills today indicates a strategic approach by Democratic leaders to avoid potential internal divisions on the issue. The fate of the crypto bills, particularly the GENIUS Act, remains uncertain as the House prepares to vote on them this week.
References:
[1] https://www.politico.com/live-updates/2025/07/14/congress/house-dems-crypto-bills-waters-clark-french-hill-00451763
[2] https://www.cnbc.com/2025/07/14/crypto-week-genius-act.html
[3] https://en.coinotag.com/fairshake-pac-raises-52-million-in-2025-potentially-influencing-crypto-legislation-with-coinbase-support/
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