US House revives three crypto bills after failed vote, including stablecoin, market structure, and CBDC regulation proposals.
Author: Akshat Thakur
Written On: Wed, 16 Jul 2025 19:30:51 GMT
July 16, 2025 — The US House of Representatives has revived three key Republican-led crypto bills after initially failing to pass them on Tuesday. A floor vote on Wednesday cleared the way for the legislation to be reconsidered in the chamber.
The House voted on Wednesday to advance a package that includes three major crypto-related bills. These cover regulations for payment stablecoins, a broader crypto market structure framework, and limits on the development of a US central bank digital currency (CBDC).
This development marks renewed momentum for Republicans who aim to pass the legislation before Congress leaves for its August recess.
Despite strong backing from President Donald Trump, five House Republicans voted against the resolution. Some cited the absence of CBDC language in the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act as a reason for their objection.
Many House Democrats continue to oppose the package without specific provisions they argue are necessary to address Trump’s potential conflicts of interest. With Republicans holding only a narrow majority, bipartisan cooperation may be required to pass the legislation.
The GENIUS Act had already faced hurdles in the Senate earlier this year. It initially failed to pass a cloture vote but was later approved following modifications.
As amendments and final votes loom, the fate of these bills could shape the regulatory environment for cryptocurrencies in the US, especially ahead of the 2025 election season.
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