Despite rejecting them yesterday, the House narrowly voted to approve the GENIUS, CLARITY, and Anti-CBDC bills today. This doesn’t mean the GENIUS Act is law. It means it can now be debated and voted on by the full House—likely later this week.
Critically, Democratic support has apparently vanished, which may present a future obstacle.
House Moves Forward with GENIUS
The rule passed with a final tally of 215–211, reversing Monday’s 196–222 defeat. All 215 “yea” votes came from Republicans, while all Democrats voted “no.”
The shift came after former President Donald Trump personally met with 11 of the 12 holdout GOP members earlier today, securing their support.
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This clears the way for floor debate and potential final votes on the crypto bills later this week.
The GENIUS Act aims to establish a federal framework for stablecoins, while the Clarity Act seeks to define the boundaries between SEC and CFTC oversight. The Anti-CBDC bill would block any effort by the Federal Reserve to issue a central bank digital currency.
House Majority Leader Steve Scalise had earlier warned that delaying GENIUS risked losing alignment with the Senate and President Trump, both of whom support the bill as written.
Next Steps for the GENIUS Act
The final hurdle is the House Floor Vote, which is expected in the next 1–2 days, likely before the end of the week. If it passes with a simple majority, it moves to the President.
President Trump has publicly backed the GENIUS Act. Once the House passes it, he will likely sign it into law quickly—potentially within days.
With today’s vote, Crypto Week is back on track—and major US crypto regulation may be closer than ever to becoming law.
source : https://beincrypto.com