Trump’s Oval Office push flipped key GOP votes, giving the GENIUS, CLARITY, and Anti-CBDC bills real momentum to pass soon.
The GENIUS Act sets the stage for safer, regulated stablecoins while easing political tension over central bank digital currencies.
With bipartisan support building, Congress may finally deliver clear crypto rules that protect users and encourage blockchain innovation.
Crypto legislation in the U.S. may finally break through gridlock as House Financial Services Chair French Hill voiced firm confidence in passing three key digital asset bills. According to Hill, the House now has the votes needed to advance the GENIUS Act, the CLARITY Act, and the Anti-CBDC bill. This turnaround follows Tuesday’s failed procedural vote that saw 13 Republicans reject the motion, stalling the crypto agenda. However, a renewed push led by President Donald Trump appears to have reversed the tide.
Trump personally met with 11 of the 12 Republican holdouts in the Oval Office, securing their commitment for a revised vote. That procedural vote is scheduled for Wednesday at 12:20 p.m. ET. With Speaker Mike Johnson now working to coordinate the new vote strategy, optimism is rising that the crypto-focused legislation will advance.
GENIUS Act Set to Define Stablecoin Standards
The GENIUS Act remains the centerpiece of the House’s digital currency push. It aims to create a clear regulatory path for dollar-backed stablecoins. Hill emphasized that this clarity will boost innovation, competition, and safety in blockchain-based payment systems. Nearly all Republican objections revolved around the bill’s lack of a CBDC ban, but Hill believes those concerns have now been addressed politically.
Besides outlining a stablecoin framework, the GENIUS Act seeks to reinforce financial stability. Lawmakers see it as the foundation for long-term growth of regulated digital dollars.
Bipartisan Support Grows for Anti-CBDC Bill
The Anti-CBDC bill, introduced by Rep. Tom Emmer, adds another layer to the debate. It blocks the Federal Reserve from launching a central bank digital currency without Congressional approval. Hill expects the bill to attract wide bipartisan support due to growing fears of financial surveillance.
Additionally, the CLARITY Act, which standardizes digital asset definitions across agencies, is expected to be bundled with the upcoming vote. Together, these bills could significantly reshape the digital currency landscape.
The post House Momentum Builds for GENIUS, CLARITY, and Anti-CBDC Bills appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
