The next two years will be crucial for the development of cryptocurrency regulations in the US
The House of Representatives is preparing for another attempt to move forward with key cryptocurrency legislation after a procedural vote fell short yesterday due to resistance from within the Republican Party. Speaker Mike Johnson confirmed that a second vote is expected Wednesday, aiming to revive momentum for several digital asset bills that have been stalled.
The initial vote was blocked by hardline GOP members, many of whom are demanding changes to the structure and timing of the bills. Their primary request is that House leadership combine three major crypto-related proposals into a single package. This includes a Senate-approved stablecoin regulation bill, a broad framework for crypto market oversight, and a measure banning a central bank digital currency.
Johnson, speaking with reporters after the failed vote, made it clear that Republican leaders do not plan to combine the bills into one legislative package. Instead, he emphasized that each bill would need to be addressed individually. “We have to do them in succession,” he said, explaining that linking all three would complicate the process and diminish the chances of Senate approval.
Some Republicans argue that bundling the bills would force the Senate to act on the entire crypto agenda at once. However, party leadership and senior lawmakers have indicated that such a move could be counterproductive. A combined package could face resistance in the Senate, where priorities and views on digital asset regulation vary significantly.
While negotiations continue, Johnson said conversations are ongoing to address the concerns of conservative lawmakers. He highlighted that advancing the cryptocurrency measures remains a shared goal across both chambers of Congress and the White House.
If the Wednesday vote passes, it would pave the way for floor debate and votes on legislation that could significantly shape the regulatory environment for digital assets in the US, particularly in areas like stablecoins, crypto exchanges, and government-backed digital currencies.
