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.