Twelve hardline Home Republicans tanked a procedural vote on Tuesday over issues with cryptocurrency laws the chamber is making ready to contemplate, bringing the ground to a standstill and dealing a blow to Speaker Mike Johnson (R-La.) and GOP management.
The vote on the rule — which governs debate for laws — fell in need of the bulk help wanted for adoption with a 196-223 tally, stopping the chamber from debating and finally voting on laws to fund the Pentagon for fiscal 12 months 2026 and three cryptocurrency payments.
Republican “no” votes included Reps. Ann Paulina Luna (Fla.), Scott Perry (Pa.), Chip Roy (Texas), Victoria Spartz (Ind.), Michael Cloud (Texas), Andrew Clyde (Ga.), Eli Crane (Ariz.), Andy Harris (Md.), Marjorie Taylor Greene (Ga.), Tim Burchett (Tenn.), Keith Self (Texas) and Andy Biggs (Ariz.). Home Majority Chief Steve Scalise (R-La.) switched his vote to “no” as a procedural transfer to permit the chamber to re-vote on the measure at a later date.
Johnson informed reporters after the vote that the hardline critics need to hyperlink the cryptocurrency payments into one product, which is why they torpedoed the procedural vote. The Home this week is scheduled to vote on the GENIUS Act; negotiated by the Senate, which might create a regulatory framework for stablecoins; the Digital Asset Market Readability Act of 2025, which might lay out rules for the broader cryptocurrency market; and the Anti-CBDC Surveillance State Act, which might stop the Federal Reserve from issuing a Central Financial institution digital forex.
“Some members who really, really want to emphasize the House‘s product, as you know, Clarity Act, and the Anti-CBDC Act,” Johnson stated. “We have our bills as well, they want to push that and merge that together. We’re trying to work with the White House and with our Senate partners on this. I think everybody is insistent that we’re gonna do all three, but some of these guys insist that it needs to be all in one package.”
Scalise moved to permit the chamber to contemplate the procedural rule at one other time. Johnson stated the Home will maintain one other vote as soon as there may be settlement within the GOP convention.
“We’ll do what we always do around here and answer questions and work towards consensus,” Johnson stated. “We expected there might be some ‘no’ votes but we thought it was important to put it on the floor and advance it because time’s of the essence.”
“So stay tuned, we’ll have lots of discussions over the next few hours and I suspect our Senate and White House friends will be engaged in those discussions as well,” he added.
Home Republicans are underneath stress to unfreeze the ground rapidly: The Senate is on monitor to approve a invoice to claw again $9.4 billion in federal funding, which the Home wants to offer a remaining stamp of approval to earlier than the Friday deadline.
After the Senate handed the GENIUS Act final month, President Trump referred to as on the Home to rapidly move a “clean” stablecoin invoice and ship it to his desk, stymieing efforts to mix the laws with a broader crypto framework.
Some within the Home had hoped to tie the Senate’s GENIUS Act to the Home’s CLARITY Act in an effort to place the decrease chamber’s stamp on crypto laws and forestall future payments from shedding momentum.
Home management appeared to have accepted they might not be capable to formally tie the 2 payments collectively and as an alternative deliberate to maneuver the stablecoin and market construction laws aspect by aspect, together with the anti-CBDC measure.
The White Home and GOP leaders had initially hoped to move each payments earlier than Congress left for its August recess. Nevertheless, they’re now aiming to get the GENIUS Act throughout the end line by the unique August deadline earlier than trying to move a market construction invoice by the tip of September.
The Senate has moved a lot slower on crypto market construction laws, which goals to arrange clear regulatory guidelines for the business by divvying up oversight between the Securities and Trade Fee and the Commodity Futures Buying and selling Fee.
Nevertheless, the higher chamber seems to be gearing as much as transfer on its second key crypto invoice, with each the Senate Banking and Agriculture committees holding hearings on the digital belongings market. Sen. Cynthia Lummis (R-Wyo.) additionally instructed final Wednesday {that a} dialogue draft of the measure might be launched this week.
Up to date at 3:21 p.m.
Aris Folley and Julia Shapero contributed.
