A dozen radical Republican derailed a fleet of the Crypto Act for a vote on the house floor on Tuesday, briefly thrown three digital asset bills into the limbo as the GOP leadership scrambled to bring back its Cocks together.
The House failed to pass a procedural vote to allow the Chamber to move forward with the idea of three crypto bills, as well as law to fund the Pentagon for the next financial year.
Crypto remedies represent an important priority for President Trump and GOP leaders, who vowed to receive a long -spoken digital asset law during the finish line.
The Genius Act, which wants to create a regulatory framework for stabechoin, is designed to be a law if it can clean the House and make on Trump’s desk. Bill last month passed the Senate with the support of more than a dozen Democrats.
The second piece of law, the Digital Asset Market Clarity Act, aims to provide regulatory rules for a comprehensive crypto market, which divides inspection between two financial regulators.
It faces a more uncertain future, as the Senate market structure prepares to introduce its version of the bill.
The third solution is the Anti-CBDC Monitoring State Act, which will prevent the Federal Reserve from issuing the Central Bank Digital Currency (CBDC). However, its fellow bill has found little traction in the upper chamber.
While the House Majority Leader Steve Scallice (R-La) initially supported procedural votes, he “not” “not” his vote as a procedural step to allow the chamber to vote on measurements again at the later date.
Trump announces late Tuesday night He reached a deal with most of the MPs who had taped the initial vote, saying that he had met 11 out of 12 members and agreed to vote in favor of measurement the next morning.
Here are twelve GOP legalists who opposed procedural votes:
Rape. Anna Paulina Luna (Fla.)
Luna was one of the several House Republicans, who said that she was concerned about the ability of a “back door” in the law that could allow for the creation of a CBDC.
Luna wrote on X, “There was a piece of law, which was voted today, which would have allowed a backdoor to create a central back digital currency.” I support Crypto.
“I was part of a group that was able to block it,” he continued. “Again, I am a pro-crypto, but will not allow for any back door or loose language that will allow for CBDC.”
While anti-CBDC measures would prevent the construction of a CBDC, it seems that MPs were focused on a large scale Genius Act, which is most likely to enact laws out of three bills.
Rape. Scott Perry (Pa.)
Perry similarly told The Hill on Tuesday that he was “against anything that would potentially allow a central bank to build a digital currency.”
Rape. Chip Roy (Texas)
Roy cited concerns about a CBDC, as well as other aspects of the Digital Asset Market Clarity Act, which is also known as the clarity act only.
He said, “We come back to the city, and they had the same stuff in this rule that we had some concerns, such as … the Senate version of the Genius Act that we think the central bank leaves some space for some concern regarding digital currency, and there is not a difficult restriction on it,” he told Hill.
“We had some other things in our version of the bill, in relation to clarity, which belongs to the market structure, which we think is seriously important,” Roy said. “We think we need to deal with all this at once.”
Rape. Victoria Spartz (IND.)
Spartz said it opposed the remedy as Speaker Mike Johnson (R-La.) Addressed his CBDC concerns and blocked efforts to pursue an amendment.
Spartz wrote on X, “As I objected to Queen Nancy and King Kevin, I feel the same about King Mike.”
Rape. Michael Cloud (Texas)
Cloud pointed to rape. Wrned Davidson’s (R -Ohio) long post X, fulfilling your concerns with Crypto Bill, writing, “Let’s fix these issues – then pass it.”
Davidson, who eventually supported the procedural measure on Tuesday, suggested that a standalone Anti-CBDC bill did not have the required 60 votes in the Senate.
“The next week’s process is eventually designed to thwart – talent passing all without all modifications (Stabelin Bill of the Senate),” he wrote. “Without CBDC ban, CBDC delivery will be in the architecture place, and nothing will protect the self-centenary. For this reason, I will oppose the Genius Act.”
Rape. Ellie Crane (Ers.)
Crane reiterated Luna’s message on X, “fully agreed. I didn’t even vote.”
Rape. Marjori Taylor Green (Ga.)
Green similarly argued that the Genius Act “gives a groundwork for a layered” CBDC, underlining that the bill clearly does not ban such digital tokens.
He said, “The Genius Act does not follow the executive order of President Trump as it does not ban a CBDC,” he said, referring to the January order from the President on digital assets. “House leadership did not allow any amendments to ban CBDC. It should not be tolerated.”
Rape. Tim Bircht (Tenne.)
Burchett explained his argument to vote for procedural measures in a video posted to X, stating that MPs “just need to talk a little.”
“People will say, ‘Oh, birch, you killed the Crypto Bill,” he said. “But in fact, I kept the Crypto Bill alive because if it had gone on the floor in that form, it would have died.
Rape Andy Bigs (Ers.)
Like Green, Bigs argued that the Genius Act “a layered” creates a framework for CBDC and fails to guarantee self-cosmetics, or has the right to keep digital assets and manage digital assets.
“House leadership should allow an open amendment process to debate independently and improve the bill,” he wrote on X.
Rape Andrew Clide (Ga.)
Rape Andy Harris (MD)
Rape Keith Self (Texas)
Rebecca Bitt and Mike Lilis contributed to this report.
