House Republicans Slam the Brakes on Crypto Bill Vote—Is This the Death Knell for GENIUS, CLARITY, and Anti-CBDC Innovation?
House Republicans today blocked a procedural motion that would have allowed formal consideration of several key crypto regulations, including the GENIUS, CLARITY, and Anti-CBDC bills, a defense spending bill, and an amendment to release the Epstein files.
The motion failed by a vote of 196 to 223, with a majority of Republicans voting against it. As a result, the crypto legislation and related measures could not advance to floor debate or final passage.
Despite clearing the Rules Committee yesterday, the bills remained stalled without the rule’s approval. Majority Leader Steve Scalise had scheduled the vote to set the terms of debate, with final passage expected later this week.
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