US Crypto Bills Advance After House Standoff Ends in Surprise Reversal

In a dramatic twist, Us crypto bills that initially failed to pass a procedural vote in the House of Representatives have now been revived and approved, following a nine-hour stalemate that had lawmakers, lobbyists, and crypto advocates on edge.

The breakthrough came late on Tuesday, when members of the House reversed their earlier stance, allowing three pivotal pieces of crypto legislation to move forward. These include the Financial Innovation and Technology for the 21st Century Act (FIT21), the Blockchain Regulatory Certainty Act, and the Clarity for Payment Stablecoins Act — all of which had been delayed due to procedural gridlock.

According to the official vote tally published by the House Clerk, the motion to reconsider succeeded with narrow bipartisan support. The sudden reversal was confirmed via a statement by the GOP Majority Whip, who cited ongoing negotiations and “constructive changes” as the catalyst for renewed momentum.

What the Bills Aim to Achieve

The Us crypto bills package is widely seen as one of the most comprehensive efforts to provide legal clarity for digital assets and blockchain infrastructure in the United States. The FIT21 Act, in particular, outlines a framework for determining whether crypto assets should be classified as securities or commodities, thereby delineating the jurisdiction of the SEC versus the CFTC.

Meanwhile, the Clarity for Payment Stablecoins Act, led by Representative Patrick McHenry, seeks to establish consumer protections and reserve standards for dollar-pegged stablecoins — a pressing issue amid growing global scrutiny of digital dollar alternatives.

The Blockchain Regulatory Certainty Act, co-sponsored by Reps. Tom Emmer and Darren Soto, would exempt non-custodial blockchain service providers — such as miners and wallet developers — from being treated as financial institutions under current regulations.

Nine Hours of Uncertainty

The initial vote on the crypto package collapsed unexpectedly earlier this week, despite broad support. According to a report by financial journalist Brendan Pedersen, the failure was triggered by procedural maneuvering and intra-party disagreements among Republicans, some of whom objected to specific provisions regarding stablecoin issuers and state-level authority.

Throughout the day, discussions continued behind closed doors as pro-crypto lawmakers scrambled to salvage the bills. Sources monitoring the House live stream noted several last-minute caucus meetings and floor negotiations.

Eventually, a modified version of the procedural resolution was brought back to the floor, leading to the successful late-night vote that allowed the Us crypto bills to advance to the final legislative stages.

Why This Matters for the Crypto Industry

The House’s about-face is being hailed as a major win for the U.S. crypto industry, which has long complained about regulatory ambiguity and enforcement-driven policy. Several trade groups and crypto firms had previously warned that the failure to act on legislation could push innovation offshore, particularly to more welcoming jurisdictions like the U.K., Singapore, and the UAE.

The successful advancement of the Us crypto bills is also being viewed as a signal that bipartisan consensus on crypto regulation may be achievable — especially as the U.S. heads into a critical election season where digital asset policy is increasingly part of the national conversation.

Final Thoughts: Us Crypto Bills Regain Momentum at Critical Juncture

As the crypto sector navigates a rapidly evolving global regulatory environment, the U.S. appears to be taking a decisive step forward. While the bills still need to pass the Senate and avoid presidential veto, the revived House vote gives crypto advocates renewed hope that the U.S. won’t be left behind in the Web3 race.

Disclaimer

The information contained in this article is intended for informational and educational purposes only and should not be interpreted as financial, investment, legal, or tax advice. Bitzuma is not a registered investment advisor and does not endorse or recommend the purchase or sale of any cryptocurrency, token, or digital asset. Investing in digital assets involves a high degree of risk, including the potential loss of capital. ...

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