President Trump Brokers Agreement to Resolve House Revolt Over Crypto Bills

Jimmy Aki
Last Updated:

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.

On July 15, President Donald Trump announced that he had reached a deal with the majority of Republican Representatives who had earlier blocked a key procedural vote. The failed vote had stalled a package of three crypto bills, as some Republicans pushed for an outright ban on central bank digital currencies (CBDCs) before allowing the legislation to move forward.

Re-Vote on Three Crypto Bills Projected to Be Favorable

President Trump said in a post on his Truth Social platform that he met in the Oval Office with 11 of the 12 House Republicans needed to advance a key crypto legislative package.

The meeting came just hours after the same group had derailed a procedural vote tied to the bills. But the mood has shifted.

Trump said the lawmakers, after a brief conversation, agreed to support the vote scheduled for the morning of July 16. He added that House Speaker Mike Johnson joined the meeting via phone and is eager to push the process ahead.

However, Trump did not share the terms of the agreement. Still, the intervention marks a turning point.

U.S. House Speaker Mike Johnson posted a lengthy message on X, thanking President Trump for stepping in. Johnson credited him for ensuring that the GENIUS Act, the centerpiece bill in the package, could finally get through the House.

The GENIUS Act had already cleared the U.S. Senate with strong bipartisan support on June 17, passing 68–30.

The bill aims to bring clear federal rules for stablecoins. It establishes the Treasury Department as the top regulator and demands strict conditions: full reserve backing, monthly audits, and serious anti–money laundering standards.

It also promises faster payment settlements and stronger user protections. But despite the Senate’s vote win, the House stalled. On July 15, 13 GOP lawmakers withdrew support, canceling the re-vote.

Their objection wasn’t necessarily to the crypto bills themselves but to what was omitted.

One of the key holdouts, Representative Green, later explained on X that she wasn’t against the GENIUS Act.

Her negative vote was based on the idea that the bill didn’t contain a clear ban on CBDCs, and Speaker Johnson had refused to allow amendments. Green said she couldn’t back the legislation unless it included that ban.

GOP Pushes to Bundle Crypto Bills into One Package

Behind the scenes, a larger debate is playing out among the Republicans in the House: whether to bundle all three crypto bills into a single legislative push.

Alongside the GENIUS Act, two other measures are being considered, both popular with GOP lawmakers.

The Anti-CBDC Surveillance Act calls for a ban on government-issued digital currencies, while the CLARITY Act lays out a broader regulatory framework for digital assets.

Some Republicans believe the bills should be passed together. A single package, they argue, would send a stronger message and reduce the risk of political fragmentation.

Speaker Johnson addressed the tension by stating that some members are strongly focused on advancing the House’s version of the legislation. These lawmakers want to see all three bills merged and passed as a unified effort.

According to Johnson, this reflects the legislative process. He acknowledged the pressure from both chambers and the White House, but emphasized the shared goal.

“Everybody is insistent that we’re going to do all three,” he said. “But some of these guys insist that it needs to be all in one package.”

The effort is part of a Republican-led initiative dubbed Crypto Week. The aim is to pass legislation before Congress leaves for its August recess.

But not everyone is on board. Democrats have declared the same period as “anti-crypto corruption week,” pushing back hard against what they see as industry-friendly policies.

Still, with Trump’s direct involvement, the momentum seems to be shifting. The renewed vote, backed by a late-night Oval Office agreement, could signal a breakthrough.

About Jimmy Aki PRO INVESTOR

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.