US cryptocurrency legislation cleared a critical hurdle following intense negotiations between Republican hardliners and House leadership. After nine hours of closed-door talks, lawmakers reached a compromise allowing three pivotal bills to advance toward procedural votes, signaling a major breakthrough for digital asset regulation.
The legislative impasse broke after former President Trump intervened to mediate disputes. Following Trump's late-night White House meeting with holdouts and subsequent negotiations with House leadership on Wednesday, previously resistant lawmakers agreed to support the measures. The House Rules Committee immediately convened hearings to formally initiate the legislative process.
Dubbed "Crypto Week" in Congress, the three Trump-endorsed bills now under consideration would establish foundational regulatory frameworks for digital assets. The proposed legislation includes the CLARITY Act addressing market structure issues and the GENIUS Act, both designed to provide regulatory clarity for cryptocurrency transactions.
The compromise centered on hardliners' demand to attach Central Bank Digital Currency (CBDC) prohibition language to must-pass legislation. House Majority Leader Steve Scalise confirmed leadership would allow separate votes before merging bills, with CBDC restrictions potentially added to the National Defense Authorization Act.
This legislative progress marks a significant victory for the digital asset industry after prolonged regulatory uncertainty. Market participants now await Senate consideration of the measures, which could reshape America's cryptocurrency regulatory landscape if ultimately signed into law.
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