Hard-Liners Block Key Crypto and Spending Bills in Procedural Vote
House Conservatives Block Key Cryptocurrency Legislation
Procedural Vote Fails Amid Internal GOP Discontent
In a significant setback for Republican legislative efforts, a procedural vote aimed at advancing three cryptocurrency bills alongside the fiscal 2026 Defense spending proposal was defeated on Tuesday. The vote, which resulted in a 196-223 outcome, highlighted a rebellion within the House Freedom Caucus against a Senate-approved stablecoin bill, which was poised to be the first major regulatory framework for cryptocurrency enacted by Congress. Notably, 13 Republican members opposed the measure.
GOP Hard-Liners Demand Comprehensive Package
Members of the GOP’s hard-line faction expressed their dissatisfaction, insisting that the stablecoin legislation should be considered alongside two additional crypto-related bills: one focused on market structure and another proposing a ban on central bank digital currencies. This demand reflects a broader desire for a more cohesive approach to cryptocurrency regulation.
Concerns Over Legislative Content
Rep. Marjorie Taylor Greene (R-Ga.) articulated her reasons for voting against the procedural rule that would have allowed debate on the four bills. She emphasized that the stablecoin legislation fails to align with President Biden’s executive order issued on January 23, which explicitly calls for a prohibition on central bank digital currencies. Greene also criticized Speaker Mike Johnson for not permitting amendments to the proposed legislation, further complicating the path forward for these bills.
Implications for Future Legislation
The failure of this vote casts uncertainty over the future of several key Republican initiatives, particularly in the realm of cryptocurrency regulation. As the party grapples with internal divisions, the fate of these legislative priorities remains unclear, leaving stakeholders in the crypto industry and beyond awaiting further developments.
