House sets new record for the longest voting session on crypto bill rules

House Sets Record with Longest Vote

On Wednesday night, the House achieved a milestone by holding the longest vote in the history of the Chamber of Commerce. The vote, which stretched over seven hours and 24 minutes, aimed to advance three cryptocurrency bills and support Republican leaders in their efforts to gain some backing from the GOP.

The record was officially noted at 8:43 p.m., coinciding with continued voting on rules that governed the debate surrounding the cryptocurrency legislation. Prior to this, the longest recorded vote occurred just two weeks earlier during deliberations on the GOP’s “big and beautiful bill,” which had also stalled for over seven hours.

By 9:30 p.m., the tally for the cryptocurrency bill rules remained open, showing a count of 208-221, with ten Republicans opposing the measures.

Throughout Wednesday, the Chamber of Commerce faced stagnation while Mike Johnson (R-La.) endeavored to unify various factions within the meeting. He aimed to establish rules for discussing the three crypto bills and secure funding for the new fiscal year. The proceedings were halted the previous Tuesday after disagreements among twelve Hardline Republicans.

Complications arose when Hardline Republicans Chip Roy (Texas) and Marjorie Taylor Greene (Georgia), along with House Financial Services Vice Chair Bill Huizenga (R-Mich.), voted against the proposed rules. While Huizenga eventually switched to support the vote, resistance among Hardline members persisted.

After hours of voting, discussions took place among members of the House Freedom Caucus, House Financial Services Committee, and House Agriculture Committee to find common ground on the cryptocurrency legislation.

A primary concern for Hardline Republicans centers on the Genius Act, which lacks provisions to prevent central banks from issuing digital currencies.

Among the three bills being considered, the Genius Law is expected to progress to President Trump’s desk for approval.

The second bill, the Anti-CBDC National Law, seeks to forbid the Federal Reserve from creating CBDCs, although its future in the Senate remains uncertain.

Meanwhile, Trump has formalized an agreement with lawmakers after twelve Hardline Republicans supported a procedural vote on Tuesday. This arrangement will lead to the inclusion of anti-CBDC language in the third cryptocurrency bill.