The U.S. House of Representatives has made significant progress by separating the CBDC ban bill from the general cryptocurrency bill, which was approved by President Trump.
The urgent negotiations have helped Republican lawmakers overcome obstacles, paving the way for the passage of cryptocurrency-related bills, promising policy innovation in this area.
MAIN CONTENT
The U.S. House of Representatives separated the CBDC ban bill into the defense budget package with the consensus of President Trump.
Internal disagreements were resolved after closed negotiations, accelerating progress on key cryptocurrency legislation.
The GENIUS Act stablecoin oversight bill is expected to be voted on before July 17, marking a significant advancement.
What has the U.S. House of Representatives done to move closer to cryptocurrency legislation?
The U.S. House of Representatives has initially resolved internal conflicts by separating the clause banning central bank digital currencies (CBDCs) from the fintech bill, paving the way for cryptocurrency legislation. Sources from Politico reported that this event took place after a tense meeting with President Donald Trump and crucial rounds of negotiations.
The collaboration between House Speaker Mike Johnson and Republican committee leaders has been a key factor in making this breakthrough a reality. Considering the inclusion of the CBDC ban clause in the defense budget package ensures feasibility when the bill is passed.
"This has broken the deadlock, allowing us to get the job done efficiently."
Mike Johnson, Speaker of the U.S. House of Representatives, July 2025
Why the sudden change in perspective?
After weeks of closed negotiations, the House passed three cryptocurrency-related bills along with the 2026 defense budget by a vote of 217–212. This was only achieved when opposing factions within the Republican Party dropped their objections, helping to end the prolonged tension with lawmakers drafting the legislation.
Previously, the conservative group wanted to combine the CLARITY Act with a clause banning CBDCs, causing Chairman of the House Financial Services Committee French Hill and Chairman of the Agriculture Committee G.T. Thompson to oppose it due to concerns about the impact on support from the Democratic side. Ultimately, the new agreement placed the CBDC ban clause into a separate bill, making a significant impact in the field of cryptocurrency law.
Two sources indicated that President Trump was briefed on the final agreement and expressed high satisfaction.
What exactly did President Trump and Republican leaders say?
President Trump was updated on the final agreement and agreed to support it. House Speaker Mike Johnson stated that this progress allows Congress to fulfill its important tasks. Additionally, Johnson discussed with Senate Republican Leader John Thune the possibility of adding the CBDC ban clause to the National Defense Authorization Act (NDAA), facilitating inter-chamber cooperation.
"This progress expands opportunities for cryptocurrency law and financial decentralization in the U.S."
John Thune, Republican Senate Leader, July 2025
How will the process of cryptocurrency bills continue?
After overcoming procedural voting, the House will continue to review and vote on cryptocurrency bills in the coming days. Among these, the GENIUS Act stablecoin oversight bill, backed by the Senate, is likely to be voted on just before July 17. If approved, this will be the first significant cryptocurrency bill to reach President Trump’s desk, signaling a new step forward for the cryptocurrency industry in the U.S.
In addition, the House will quickly handle the budget package for spending cuts as requested by the President, while the Senate pushes for passage before the deadline of July 18.
Frequently asked questions about cryptocurrency bills in the U.S. House of Representatives
What is the CLARITY Act?
The CLARITY Act is a bill aimed at creating a clear legal framework for cryptocurrencies, promoting innovation while protecting users, actively supported by House leaders.
Why separate the CBDC ban clause from the cryptocurrency bill?
The separation helps avoid losing bipartisan support from the Democrats and facilitates quicker passage of cryptocurrency-related bills.
How do U.S. political leaders assess this progress?
House Speaker Johnson and Senate Leader Thune view this as a significant breakthrough that could promote legal development of cryptocurrency in the U.S.
What is the GENIUS Act bill about?
The bill focuses on the oversight and regulation of stablecoins to enhance safety and transparency in the cryptocurrency market.
When will the passage of these bills be completed?
The House is expected to vote in July 2025 while coordinating with the Senate to quickly bring bills to the President's desk for signing.
Source: https://tintucbitcoin.com/quoc-hoi-my-thong-qua-du-luat-cbdc/
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