Top US Congressman Says House Has Enough Votes to Pass Three Crucial Crypto Bills

Rep. French Hill has stated that the House has sufficient votes to pass three crucial cryptocurrency bills this week. For context, the three critical crypto-related bills — the Senate GENIUS Act, the Anti-CBDC bill, and the CLARITY bill — suffered major setbacks on Tuesday as several congressional members blocked their passage. Of the 220 Republicans present at the session, 196 voted in favor of the passage, 13 stood against it, while the remaining 11 were neither in support nor opposed to the legislation. However, the Democrats present stood firmly against the passage of the bills. Specifically, 210 Democrats voted “NAY,” while the remaining two Democrats stayed on the fence. This brought the total votes to 223-196, with the majority opposing the passage of the legislation. Congressman Remains Confident on Crypto Bills Passage Following the devastating result, Rep. French Hill, the chairman of the Financial Services Committee, emphasized that despite the setback, the House has the necessary votes to pass all three crypto bills. He made the assurance during a recent interview on CNBC's Squawk Box. The congressman provided a brief overview of all crypto bills and potential timelines for their passage. Hill noted that Speaker Mike Johnson is coordinating the reintroduction of all three bills today to facilitate their full passage. Johnson had previously attributed the lack of bipartisan support for the GENIUS Act to its bundling with other crypto legislation. Apparently, the House will now vote on the bills individually. Rep. Hill stated that the House will vote on the CLARITY Act — legislation aimed at clarifying the appropriate regulatory authority for the crypto industry — later today. Similarly, Rep. Hill expressed confidence that the Senate’s GENIUS Act, which seeks to establish a clear regulatory framework for dollar-backed stablecoins in the U.S., will pass when it comes up for a vote tomorrow. Furthermore, the chairman of the House Financial Services Committee speculated that the anti-CBDC bill will also pass with bipartisan support. Introduced by Rep. Thomas Emmer, the anti-CBDC bill aims to prevent the U.S. federal government from creating a central bank digital currency through the Fed without authorization from Congress. Committee Deliberating on Timing for Votes on Anti-CBDC Bill While the House expects votes on the CLARITY Act and GENIUS Act to be held today and tomorrow, respectively, Rep. Hill suggested that a committee is deliberating on the order and timing of the votes for the anti-CBDC bill. Meanwhile, President Donald Trump has also declared his support for the passage of the crypto legislation. The president encouraged all Republican lawmakers to vote “YES” during the voting exercises. “Get the first vote done this afternoon,” President Trump remarked.