Trump’s Deal Ends House Revolt Over Crypto Bills: Key Insights Revealed
Trump Secures Support for Cryptocurrency Legislation Among House Republicans
Deal Reached After Procedural Vote Disruption
Former President Donald Trump announced late Tuesday that he has successfully negotiated with a majority of House Republicans who previously blocked a procedural vote, paving the way for three cryptocurrency-related bills to be considered in the House.
In a post on Truth Social, Trump revealed that he met with 11 of the 12 Republican members who had halted the procedural vote earlier that day, which caused significant delays in the legislative process.
Details of the Meeting and Future Votes
“I am currently in the Oval Office with 11 of the 12 Congress members needed to pass the GENIUS Act. After a brief discussion, they have all agreed to support the Rule in a vote scheduled for tomorrow morning,” Trump stated. He also mentioned that Speaker of the House Mike Johnson participated in the meeting via phone and is eager to proceed with the vote as soon as possible. Trump expressed gratitude to the Congress members for their swift and favorable response, emphasizing his campaign slogan, “MAKE AMERICA GREAT AGAIN!”
However, the specific concessions or assurances that convinced these Republicans to change their stance remain unclear.
Republican Opposition and Strategic Moves
Among those who voted against the procedural measure were Representatives Ann Paulina Luna (Fla.), Scott Perry (Pa.), Chip Roy (Texas), and several others. Notably, House Majority Leader Steve Scalise (R-La.) switched his vote to “no” as a strategic move to allow for a re-vote on the issue at a later date.
Speaker Mike Johnson expressed appreciation for Trump’s involvement, stating, “I’m grateful for President Trump’s engagement tonight to ensure we can pass the GENIUS Act tomorrow and for his commitment to help us advance additional cryptocurrency legislation in the coming days.”
Legislative Path Forward
If the agreement holds, the House will be able to adopt a procedural rule and proceed with discussions on the three cryptocurrency bills, along with a funding measure for the Pentagon for the fiscal year 2026, as early as Wednesday. This would help the chamber regain momentum following the earlier disruption.
The primary concern among the dissenting Republicans was the absence of a provision in the GENIUS Act that would prevent the establishment of a central bank digital currency (CBDC). This bill aims to create a regulatory framework for stablecoins, which are digital tokens backed by the U.S. dollar, and is considered the most likely to pass after receiving Senate approval last month.
Additional Legislative Considerations
The House is also expected to review the Anti-CBDC Surveillance State Act, which seeks to prohibit the Federal Reserve from issuing a CBDC, although this measure may struggle to gain support in the Senate.
Trump has emerged as a significant advocate for the cryptocurrency sector during his second term, urging the House to swiftly pass a straightforward stablecoin bill. His stance has frustrated some lawmakers who wish to amend the legislation or link it to other proposals, such as the Digital Asset Market Clarity Act.
The Digital Asset Market Clarity Act, which aims to split oversight of the broader cryptocurrency market between two financial regulatory bodies, is also on the House’s agenda this week. However, the Senate is likely to introduce its own version of market structure legislation.
Votes on procedural rules typically follow party lines, with the majority party supporting and the minority opposing. In recent years, some Republicans have utilized these votes to express dissatisfaction with specific legislation or leadership decisions.
Updated at 10 p.m. EDT
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