House Votes on Crypto Bills to Reshape U.S. Regulation

The U.S. House of Representatives is set to vote on several key cryptocurrency-related bills this week, a move that could significantly reshape the regulatory environment for digital assets. The most prominent piece of legislation is the GENIUS Act, which aims to establish federal requirements for stablecoins. This bill, which originated in the Senate, is expected to pass without amendments and could become the first major crypto legislation to be approved by both chambers of Congress.

In addition to the GENIUS Act, the House will also vote on the Digital Asset Market Clarity Act. This legislation seeks to address broader market structure rules for cryptocurrency. However, it is anticipated to face resistance from House Democrats, who have raised concerns about governance and potential conflicts related to Trump-affiliated crypto interests. Despite this opposition, House Republicans are advocating for bipartisan support to ensure the bill's viability in the Senate, where 60 votes are required for passage.

Another bill on the agenda is the Anti-CBDC Surveillance Act, which aims to ban a central bank digital currency. This legislation is unlikely to advance in the Senate due to a lack of support. The House Rules Committee is scheduled to meet to determine the voting schedule, with decisions this week being crucial in shaping the future of crypto regulation in the U.S. The outcome will either deliver long-standing industry priorities or stall progress due to political divisions.

If these bills are passed, they could redefine the U.S. regulatory approach to crypto, influencing stablecoin issuance, agency oversight of tokens, and the existence of digital dollars. Existing crypto firms may face streamlined federal compliance obligations, replacing the current patchwork of state-level requirements. Additionally, a U.S. rejection of a CBDC through legislation could create divergence from international monetary authorities exploring central bank digital currencies.

The House is also scheduled to consider amendments to three crypto-related bills addressing central bank digital currencies. The legislation sets regulatory frameworks for stablecoins and broader market structure rules for cryptocurrency. The outcome of these votes will have significant implications for the future of digital asset regulation in the U.S., potentially positioning the country as a leader in financial technology and digital asset innovation.