The House set a new record for the longest vote in the history of the Chamber on Wednesday night, giving seven hours and 24 minutes on one vote to pursue a trio of cryptocurrency bills as the Republican leaders worked behind the screen to get a handful of holdout on the board.
The Chamber officially broke the record as a vote on a rule at 8:43 pm – which controls the debate for the law – remained open. The previous record was set about two weeks ago, when a vote on the rule for GOP’s “big, beautiful bill” was stopped for more than seven hours.
Till 9:30 pm, the vote on the rule for the Cryptocurrency bill remained open on 208–221 tally, which was less than the majority of adoption of adoption. Ten Republicans were recorded as “no” votes.
The chamber remained in a stay on Wednesday as Speaker Mike Johnson (R-La.) Attempted a rule to control the debate on three crypto bills to various factions at its conference, besides a measure to fund the Pentagon in the new financial year. 12 Hard-Line House Republican frozen the floor on Tuesday after a rule.
After two hard-line Republican, reps. Chip Roy (Texas) and Marjori Taylor Green (Ga.), And House Financial Services Vice Chairing Bill Huizenga (R-Miche) All “No” votes, Johnson scrambled to revive the rule vote. Huizenga finally flipped his vote in support, but hard-line opponents increased throughout the day.
The vote remained open for hours as the speaker met with members of the House Freedom Cocks, House Financial Services Committee and House Agriculture Committee, attempted to cover their differences on Crypto Bills.
The Genius Act, a major point of controversy for the Hard-Line Republican, lacks a provision that will block the construction of a central bank Digital Currency (CBDC).
The Genius Act, one of the three bills for consideration by the House, is ready to enact law as it is the next head of President Trump’s desk.
While a second Crypto Bill, Anti-CBDC Monitoring State Act, will prevent the Federal Reserve from issuing CBDC, it faces an indefinite route in the Senate.
12 Hard-Line Republican on Tuesday after voting for an initial procedural vote, Trump made a deal with MPs, in which the anti-CBDC provisions will be added to a third Crypto Bill-Digital Asset Market Clarity Act.
In particular, the market structure bill also faces a complex future, as the Senate prepares to put forward its own version of the law.
However, the move seems to disappoint the members of the House Financial Services Committee, which leads to a deadlock.
