GOP Rep. French Hill Drops Bombshell: GENIUS, CLARITY, and Anti-CBDC Bills Poised to Shake Up the Financial World—Are You Ready?
Ever wonder if the tide might finally be turning for cryptocurrency legislation in the U.S.? Well, according to GOP Rep. French Hill, the answer could be a spirited “yes” as key bills targeting stablecoins and central bank digital currencies (CBDCs) appear to have amassed enough support to move forward in the House. These include the GENIUS Act, which aims to nail down federal regulations on dollar-backed stablecoins—a move that could reshape how blockchain payments operate—alongside the CLARITY and Anti-CBDC acts. It’s fascinating how “crypto week” just might be gearing up for a comeback after some early hiccups, with even unexpected political players stepping into the arena to push things along. Could this be the start of clearer skies for crypto lawmakers and investors alike? Stay tuned because today’s procedural vote might just be the spark that changes the game.LEARN MORE
Lawmakers are scheduled to hold the next procedural vote today at 12:20 p.m. ET.
Photo: Al Drago
Key Takeaways
- Three major crypto-related bills, including the GENIUS, CLARITY, and Anti-CBDC acts, have enough votes to advance in the House, according to Rep. French Hill.
- The GENIUS Act would establish federal regulation for dollar-backed stablecoins used in blockchain payments.
Share this article
French Hill, Chair of the House Financial Services Committee, expressed confidence that the GENIUS Act, CLARITY Act, and Anti-CBDC bill have the votes needed to advance in the House.
“I believe that we do have the votes to advance the Senate Genius Act, which will create the first federally regulated, with clear rules, dollar-backed payment stablecoin, which will unleash a new competitive round in how payments are done when they’re used in a blockchain application,” said Hill in a Wednesday interview with CNBC.
Hill indicated that House Speaker Mike Johnson is currently coordinating how these measures will be presented for House consideration.
JUST IN: 🇺🇸 Rep. French Hill says there is “strong bipartisan support” for the crypto market structure bill. pic.twitter.com/OJHDs8xlvj
— Crypto Briefing (@Crypto_Briefing) July 16, 2025
The trio of crypto bills failed to advance in the House yesterday as a procedural vote intended to bring forward three major acts was rejected by House conservatives.
The vote was 196 against to 223 in favor, with a majority of Republicans voting ‘no’ in protest of the stablecoin legislation not including a CBDC ban and the Speaker’s refusal to allow amendment votes.
Lawmakers are scheduled to hold the next procedural vote today at 12:20 p.m. ET, as per the legislative agenda.
“Crypto Week” got off to a rocky start after the Tuesday procedural vote, but the momentum may be shifting. President Donald Trump, reportedly frustrated by the outcome, met with key members of Congress in the Oval Office and emerged with a commitment of support for today’s vote on the GENIUS Act.
Trump said lawmakers, whose earlier opposition had stalled crypto legislation, had agreed to back the procedural vote, reviving hopes for the GENIUS Act and broader regulatory progress.
Share this article
Post Comment