Last Updated On July 16, 2025
Most Republican lawmakers who earlier opposed important cryptocurrency bills have now fully supported the bills due to the efforts made by President Donald Trump. This move gains traction on three big crypto bills that are set to be voted on at the U.S House of Representatives on Wednesday.
On Tuesday, the bills stalled as 13 Republicans voted against the bills on a procedural vote. The fact that the bills did not propose the banning of central bank digital currencies (CBDCs) in their entirety was their major worry.
Trump Meets GOP Holdouts, Secures Support
Following the failed vote, Trump held a private meeting in the Oval Office with 11 of the 12 dissenting Republican lawmakers. After the meeting, Trump posted on his platform Truth Social that all 11 had agreed to support the legislation.
“I am in the Oval Office with 11 of the 12 Congressmen/women necessary to pass the GENIUS Act… they have all agreed to vote tomorrow morning in favor of the Rule,” he wrote.
House Speaker Mike Johnson praised Trump’s involvement, saying his efforts were critical in pushing the bills forward. Johnson also stated that Trump would continue supporting other crypto-related legislation in the near future.
Three Bills at the Center of “Crypto Week”
The legislation includes:
- GENIUS Act – focused on payment stablecoin regulation
- Anti-CBDC Surveillance Act – designed to prevent the creation of a U.S. central bank digital currency
- CLARITY Act – intended to provide clear crypto rules for companies and investors
These bills are part of the Republican-led “Crypto Week” push to pass blockchain-related laws before Congress begins its August recess.
CBDC Ban Remains a Sticking Point
Many of the initial Republican holdouts said they support crypto in general but wanted the bills to explicitly ban a U.S. digital dollar (CBDC).
Representative Marjorie Taylor Greene explained her opposition on social media, saying she voted “no” because the current version of the GENIUS Act does not ban CBDCs outright.
Representative Andy Biggs added that he believed the GENIUS Act might create a legal path for a future CBDC, even if indirectly. He called for changes that would guarantee citizens’ rights to hold crypto privately, without government control.
Democrats Continue to Oppose the Bills
Meanwhile, Democrats have launched their own campaign, calling this week “Anti-Crypto Corruption Week.” They argue the current bills lack strong consumer protections and may benefit private interests over public safety.
Representative Maxine Waters’ office raised ethical concerns about Trump’s involvement, pointing to his family-linked crypto firm, World Liberty Financial. The company has issued a stablecoin (USD1) that, according to Bloomberg, was created with help from crypto exchange Binance.
Waters’ team called for stronger conflict-of-interest rules to stop elected officials, including the president, vice president, and members of Congress, from promoting or investing in cryptocurrencies.
House Vote Scheduled for Wednesday
The House is now expected to hold a debate and vote on the crypto bills Wednesday morning. With 11 Republicans changing their votes after Trump’s push, the legislation appears more likely to pass.
Still, the bills face continued Democratic resistance, and their final outcome remains uncertain.
If approved, the legislation would mark a major shift in how the U.S. regulates cryptocurrencies, stablecoins, and digital payments.
