The US House advances digital asset rules with the historic passage of the CLARITY and GENIUS Acts after its longest vote.
With the passage of the GENIUS Act and the CLARITY Act, the US House of Representatives has significantly advanced digital asset regulation.
This followed a nearly ten-hour procedural vote that became the longest in congressional history.
Final floor votes on these critical issues might occur as early as tomorrow.
GENIUS Act, Clarity Act Bills Finally End Impasse
Now, reporter Eleanor Terrett has reported that the US House enacted the procedural rule by a slim majority of 217–212.
Full votes on the GENIUS Act, the CLARITY Act, and other bills, including the defense budget, are made possible by this crucial step.
There was a lot of backroom negotiating during the protracted process.
After meeting with former President Trump, some Republican holdouts who opposed Tuesday’s vote changed their minds.
Terrett claims that these lawmakers were able to get a pledge that the CLARITY Act will include “strong anti-Central Bank Digital Currency (CBDC) language.”
This allays worries about possible overreach by the federal government.
Although the GENIUS Act cannot be changed, reluctant lawmakers were persuaded to support the Clarity Act’s anti-CBDC measures.
In a statement made public, French Hill, the US House Financial Services Committee chairman, congratulated Trump, Speaker Mike Johnson, and other Republican leaders on the outcome.
Congratulations to President Trump, Speaker Mike Johnson, Majority Leader Steve Scalise, and Majority Whip Tom Emmer for your engagement and hard work over the last few days to craft a strategy whereby President Trump’s digital asset agenda moves through the House and opens the door to a golden age of digital assets.
Clear regulatory frameworks for digital asset markets are the goal of the CLARITY Act, which was drafted by Dusty Johnson, Bryan Steil, and G.T.
Thompson, the chairman of the House Agriculture Committee.
Majority Whip Tom Emmer’s independent Anti-CBDC spying Act, however, would restrict any federal spying via central bank digital currencies and safeguard the privacy of American consumers.
Longest Vote Ever In US House
The procedural vote on Wednesday in the US House shattered congressional records for duration, starting at 1:19 p.m. ET and ending at 11:04 p.m. ET.
Lawmakers claim that the high stakes associated with the GENIUS Act and CLARITY Act, as well as heated behind-the-scenes negotiations, were the leading causes of the delay.
Representative Bryan Steil remarked on X, “After the longest House vote in history…Crypto Week continues on!
The final vote was followed by an earlier move to reconsider the legislation, passed 215–211.
This followed Tuesday’s failure, which was brought on by internal Republican differences.
The crypto legislation measures will progress to their final floor votes after overcoming the procedural obstacles.
In the past, Chairman Hill had reassured reporters that there is sufficient bipartisan support to complete both legislative proposals.
President Trump would sign the GENIUS Act into law before the end of the week if it were to pass.
This might usher in what supporters call a “golden age” for digital assets subject to US regulation.
