House Passes Crypto Rule Resolution After 10-Hour Vote

The U.S. House of Representatives has made significant progress in crypto rule-making, setting the stage for a comprehensive debate on major digital asset legislation. On Wednesday, the House passed House Resolution 580 by a narrow margin of 217–212, allowing for the advancement of the Clarity Act, the GENIUS Act, and the Anti-CBDC Surveillance Act. This vote marked a historic moment, lasting over 10 hours, which broke the previous record set just weeks ago during a contentious spending vote.

Late Wednesday afternoon, House leaders initiated a reconsideration vote, reopening a package that combined defense funding and crypto measures. The initial motion passed 215–211, but the critical vote was on H. Res. 580. Republicans were divided over whether to embed Anti-CBDC provisions in the Clarity Act or include them in the defense bill. Leaders worked diligently to persuade holdouts to switch their votes, with reports indicating that President Trump personally called wavering Republicans in the evening, urging them to support the rule. By the time the final vote was tallied at 217–212, the mood in the chamber had shifted in favor of progress.

With the passage of H. Res. 580, the House is now poised to debate and vote on three key bills. The Clarity Act aims to simplify the classification of tokens under securities law, providing much-needed clarity for businesses and investors. The GENIUS Act focuses on overseeing stablecoins, ensuring that these digital assets are regulated appropriately. The Anti-CBDC Surveillance Act seeks to block the U.S. central bank from issuing a digital dollar without congressional approval, addressing concerns about privacy and surveillance.

However, the debate is far from over. Amendments will be offered, and provisions may be dropped or merged in the final version. The bills still need to pass the House floor and potentially the Senate before they can become law. This process will involve further negotiations and potential changes to the legislation, reflecting the complex nature of digital asset regulation.

This moment is significant for crypto policy in Washington. The narrow margin of the vote indicates a strong political will to engage with digital asset regulation. The lengthy debate underscores the high stakes involved, as lawmakers consider the implications for financial innovation, privacy, and national economic strategy. If passed, these bills will bring clarity to businesses, enhance consumer protection, and position the U.S. as a leader in blockchain regulation.

Outside of Washington, markets are closely watching the developments. Clarity in regulation could spur investment in U.S.-based crypto firms and platforms, fostering innovation and growth. Conversely, regulatory uncertainty could drive innovation and capital elsewhere, as global regulatory frameworks take shape. The outcome of these debates will determine whether the U.S. sets clear rules for the road or misses an opportunity in the evolving landscape of digital assets.

In summary, the House has passed H. Res. 580 after more than ten hours of voting, the longest recent session, clearing the way for debate on the Clarity, GENIUS, and Anti-CBDC Surveillance Acts. The narrow final vote reflected intense negotiations within the Republican Party, with President Trump reportedly intervening. These bills aim to define token rules, stabilize stablecoins, and prohibit a hidden CBDC. The next steps involve debate and voting on each bill, followed by potential amendments and Senate consideration.