After nearly ten hours of continuous voting — the longest procedural vote in U.S. congressional history — the House of Representatives has finally moved forward. On the agenda were two major legislative proposals that could redefine the crypto industry in the United States: the CLARITY Act and the GENIUS Act.

What Happened? Breakthrough After Backroom Negotiations

The vote, which began at 1:19 PM ET on Wednesday and ended at 11:04 PM, passed procedural rules by a narrow margin of 217 to 212. This cleared the path for a final vote on both bills, expected to take place as early as Thursday.

The turning point came when several Republicans who had previously blocked the motion changed their stance. A key factor was the inclusion of strong anti-CBDC (Central Bank Digital Currency) language in the CLARITY Act — a demand reportedly made during a meeting with Donald Trump.

What Are the CLARITY and GENIUS Acts?

🔹 The CLARITY Act, drafted by Agriculture Committee Chair GT Thompson and others, aims to create a clear regulatory framework for digital asset markets, including defining the roles of the SEC and CFTC.

🔹 The GENIUS Act focuses on fostering innovation and supporting the development of digital technologies. This bill is no longer open to amendments, placing extra pressure on CLARITY to carry the anti-CBDC measures.

Separately, Congressman Tom Emmer proposed another bill specifically targeting CBDC surveillance, aimed at protecting the privacy of U.S. citizens from potential federal overreach.

Trump and GOP Leadership Celebrate

Financial Services Committee Chair French Hill praised President Trump, Speaker Mike Johnson, and other GOP leaders for their efforts. According to Hill, this marks the beginning of a “golden age of digital assets” under American regulatory clarity.

“These teams worked hard to advance President Trump’s vision for the digital economy. Today we’re witnessing the birth of a new era,” said Hill.

What’s Next?

The final vote is now pending. If passed, President Trump could sign the bills by the end of the week.

While Republican support is now solidified thanks to the added provisions, the key question remains: will Democrats back the legislation? The inclusion of strict anti-CBDC language could jeopardize bipartisan cooperation — even as both sides recognize the need for regulatory clarity in crypto.


#CBDC , #crypto , #Regulation , #DigitalAssets , #CryptoCommunity

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!

Notice:

,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“