๐บ๐ธ ๐จ DRAMA ALERT: CRYPTO BILLS CONTINUE TO FACE DELAYS DESPITE PRESIDENT TRUMP'S SUPPORT
๐ Three crypto bills passed the initial procedural vote with a final tally of 217โ215. Many expected the second procedural vote to pass easily as itโs a routine step, but it was unexpectedly stalled due to internal conflicts within the Republican Party.
๐ Some Republican lawmakers who voted "NO" yesterday switched to "YES" today after meeting with President Trump, on the condition that anti-CBDC provisions be added to the CLARITY Act (infrastructure bill), as the GENIUS Act (stablecoin bill) cannot be amended.
๐ However, the authors of the CLARITY Act oppose this change, fearing it could jeopardize the bipartisan support they spent months building.
๐ In the second procedural vote, 9 Republicans voted "NO," 3 did not vote, and all 212 Democrats voted against it. They demanded the inclusion of the anti-CBDC bill, arguing that President Trump failed to honor his commitment.
๐ House Speaker Mike Johnson led negotiations for hours, but the vote remained unresolved by evening.
๐ Majority Whip Tom Emmer announced there would be no further votes today. The House has adjourned without a final decision. It remains unclear whether the vote will resume tomorrow or face further delays.
๐ Despite the delays, the bills could still pass later, or the GENIUS Act (stablecoin bill) may be separated and passed first, while the other two bills may require more time.