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Jul 18, 2025  |  
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John R. Puri


NextImg:The Corner: It’s ‘Crypto Week’ in the House of Representatives . . . Maybe!

As the Senate muddles through a vote-a-rama on Trump’s request for spending rescissions, the House is running into trouble of its own. This “crypto week,” as leadership calls it, Republicans are trying to advance a trio of cryptocurrency-related bills.

Unfortunately, they are currently scrambling for the votes to simply begin consideration of the legislation due to a standoff between the committee leaders who put them together and hard-line members who have demands of their own.

Here are the three bills that Speaker Johnson is trying to get passed:

For conservatives who favor a diverse private marketplace of financial services, all three of these bills are worth passing into law. What is the holdup, then? As Politico reports, some hard-line House members are demanding that the anti-CBDC bill — sponsored exclusively by Republicans — be packaged with the bipartisan GENIUS Act and CLARITY Act to improve its odds of passing both chambers of Congress. While the committee leaders who put together the crypto bills also support the anti-CBDC bill as distinct legislation, they worry that combining the bills would doom them all to fail.

For the past few hours, the two sides have been in a closed-door meeting in Speaker Johnson’s office. If Republicans can’t get on the same page, this so-called crypto week will end up being a major disappointment to the nascent industry it was supposed to relieve.