Following intense private negotiations spanning over nine hours, hardline Republicans in the U.S. House of Representatives struck a crucial compromise with party leadership on cryptocurrency legislation. This breakthrough enables three pivotal bills to advance toward procedural voting stages, signaling a major legislative victory for the digital asset industry.
The legislative deadlock that previously stalled progress eased after intervention from former President Donald Trump. Following late-night White House discussions on Tuesday and final negotiations with House leadership Wednesday, previously resistant lawmakers rejoined the coalition supporting the measures.
Wednesday afternoon saw the House Rules Committee convene a hearing to formally initiate the legislative process. Having already secured Senate approval, these bills now await House endorsement before potentially reaching Trump's desk for signature.
Dubbed "Crypto Week" on Capitol Hill, this critical period features scrutiny of three Trump-backed digital asset proposals. Their potential enactment would establish foundational regulatory frameworks for the industry.
Hardliners initially maintained their stance Wednesday, causing suspension of the key procedural vote. Negotiations revealed their insistence on securing passage for a Central Bank Digital Currency prohibition bill, while committee members feared attaching it to the broader CLARITY Act might jeopardize both measures.
Trump asserted his Tuesday night White House discussions persuaded hardliners to support the legislative package. Subsequently, Speaker Mike Johnson huddled behind closed doors with Financial Services and Agriculture Committee members alongside conservative representatives in an office adjacent to the House floor.
House Majority Leader Steve Scalise confirmed leadership's strategy: separate votes on individual bills followed by consolidation. As compromise, the CBDC ban provision will be appended to must-pass defense legislation (National Defense Authorization Act).
The legislative trio under consideration—including the market-structure-focused CLARITY Act and GENIUS Act—carries substantial significance. Championed by Trump, these proposals seek to clarify regulatory oversight for digital assets, representing a watershed moment in U.S. cryptocurrency policy.
Specifically, the CLARITY Act establishes definitive guidance for digital asset trading protocols and regulatory compliance standards.
This legislative momentum delivers a landmark victory for the digital asset ecosystem, potentially concluding years of regulatory ambiguity. Market participants and investors now keenly monitor the Senate's upcoming deliberations.
