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Trump Intervention Puts Crypto Bills and Defense Funding Back on House Agenda

House leaders have refiled a procedural rule after President Trump won over holdout Republicans in the Oval Office to clear the way for debate on crypto oversight bills alongside a fiscal 2026 defense funding measure.

President Donald Trump waves as he walks from Marine One after arriving on the South Lawn of the White House, Tuesday, July 15, 2025, in Washington.
House Freedom Caucus Chair Andy Harris, R-Md., center, said he wanted to drive a "stake into the heart" of a possible central bank digital currency.
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Speaker Mike Johnson talks to members of the media on July 9. Photo by Alex Wong/Getty Images

Overview

  • House lawmakers refiled the procedural rule to set terms for floor debate on three cryptocurrency bills and the fiscal 2026 Defense spending measure.
  • President Trump met late Tuesday with 11 of the 12 Republicans who opposed the initial rule in the Oval Office and secured their agreement to support the rule in a new vote.
  • Opposition in the first vote stemmed from hard-line Republicans’ demand for an explicit ban on central bank digital currency in the GENIUS Act and an open amendment process.
  • If approved, the GENIUS Act, the Digital Asset Market Clarity Act and the Anti-CBDC Surveillance State Act would establish stablecoin oversight, market-structure rules and ban a Fed-issued central bank digital currency.
  • A second procedural vote is expected shortly with GOP leaders confident the bills will advance to President Trump’s desk.