Trump secured support from 11 House Republicans to advance key crypto bills including the GENIUS Act this week.
The GENIUS Act which aims to regulate stablecoins could now move forward after an earlier failed House vote.
Three major crypto bills may reach a House vote soon after Republican opposition was resolved in a White House meeting.
President Donald Trump confirmed a shift in House support for key cryptocurrency bills following a White House meeting. A group of 11 Republican representatives reversed their earlier opposition and now plan to support the legislative rule.
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This comes after the House rejected the rule on Tuesday with a 196–223 vote. Thirteen Republicans had joined Democrats to block the measure. The reversal clears a path for debate on three major crypto-related bills.
GENIUS Act Gains New Momentum
One of the bills, the GENIUS Act, aims to regulate stablecoins by setting a legal framework for their issuance. The Senate passed the GENIUS Act last month with bipartisan support.
The bill seeks to provide clarity around dollar-backed digital tokens. Lawmakers believe it could help improve oversight and drive broader adoption of stablecoins. Despite earlier concerns, the bill is now expected to be brought to a full House vote as early as Wednesday.
Anti-CBDC and Market Structure Bills Also Return
Alongside the GENIUS Act, two more bills may move forward this week. One is the Anti-CBDC Surveillance State Act. This bill aims to prevent the Federal Reserve from issuing a central bank digital currency.
The second is the Digital Asset Market Clarity Act. It proposes dividing oversight between the SEC and CFTC. These bills form the core of the House’s agenda for what has been called “Crypto Week.” The agreement between House Republicans and Trump revived the package after a stalled procedural vote.
Political and Regulatory Stakes Remain High
Trump’s intervention appears to have shifted momentum just hours after the bills faced collapse. The reversal signals his strong influence over the House Republican conference. The bills must still pass individual votes and may face hurdles in the Senate.
However, renewed Republican support increases their chances. Concerns had been raised about stablecoin rules lacking protections against a central bank-issued currency. That issue led to the original pushback from some conservative members. Now, with talks resolved, the House may proceed with votes on all three measures.
The outcome could shape the legal structure of the U.S. crypto market. This will also impact how stablecoins, tokens and digital currencies are treated under the federal law. Legislators are aiming to complete the progress before the August recess.
