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Crypto News – U.S. House Passes Resolution 580, Clearing Way for Major Crypto Bills
Crypto News – In a dramatic and tightly contested vote, the U.S. House of Representatives narrowly passed House Resolution 580 by a vote of 217-212 on Wednesday. This breakthrough ended a record-breaking procedural deadlock lasting nearly 10 hours, paving the way for three pivotal crypto-related bills to advance. The close vote signals a turning point for crypto regulation in the United States.
Key Compromise on Anti-CBDC Surveillance State Act
The breakthrough came after eight conservative Republicans switched sides following an agreement to attach the Anti-CBDC Surveillance State Act to the must-pass National Defense Authorization Act (NDAA). This strategic move ensured the anti-surveillance legislation would pass as part of the broader defense bill. House Majority Whip Tom Emmer (R-Minn.) emphasized that this prevents unelected officials from trading Americans’ financial privacy for surveillance tools akin to those used by the Chinese Communist Party.
Major Crypto Bills Set for Final Votes
With the procedural hurdle cleared, the House now prepares for final votes on three landmark bills:
- The GENIUS Act, focused on stablecoin regulation
- The CLARITY Act, aiming to reform market structure
- The Anti-CBDC Surveillance State Act, protecting privacy against government-issued digital currencies
Industry leaders hailed the move as a critical step forward. Steven Goldfeder, CEO of Offchain Labs, told Decrypt that regulatory clarity would encourage institutional adoption by signaling that crypto is here to stay within a “trusted structure.”
Trump’s Late Intervention and GOP Divisions
President Donald Trump’s last-minute involvement reportedly helped sway holdout Republicans. Despite the majority support, some GOP members, like Rep. Marjorie Taylor Greene (R-Ga.), remained staunchly opposed, denouncing the legislation as a “mark of the beast system.” Previously, 12 Republicans had defected, citing concerns about CBDC ambiguity, but Trump convinced most to support the bill during White House talks.
What’s Next?
The GENIUS Act is expected to face a floor vote on Thursday, potentially becoming the first major crypto law in the U.S. The CLARITY Act vote may be scheduled for early next week. Lawmakers and the crypto community alike are watching closely as these bills promise to reshape the future of digital assets and financial privacy in America.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
