Trump Secures Agreement with House Republicans on Cryptocurrency Bills

Late Tuesday, President Trump announced that he had reached a deal with most House Republicans who had blocked a procedural vote earlier in the day, setting three cryptocurrency bills in motion for consideration.

This announcement, made via Truth Social, followed Trump’s meeting with 11 of the 12 House Republicans who voted for the procedural measure that afternoon.

In his post, Trump stated, “I’m in an Oval Office, with 11 of the 12 lawmakers needed to pass the act of genius. After a brief discussion, they agreed to vote in favor of the rules tomorrow morning.” He also mentioned that House Speaker Mike Johnson would join the discussion by phone and expressed eagerness to vote swiftly, thanking the lawmakers for their quick and positive responses. He ended with, “Make America great again!”

Details remain sparse regarding what concessions were made to secure support for these procedural rules. Efforts to reach Speaker Mike Johnson’s office for clarification were unsuccessful.

The newfound agreement will enable the House to adopt procedural rules and move forward with deliberations on the three cryptocurrency bills, as well as funding measures for the Pentagon in 2026, aiming to restore progress after Tuesday’s setback.

A primary concern raised was the Genius Act’s lack of provisions preventing central banks from issuing digital currencies. This bill, which seeks to establish a regulatory framework for dollar-backed digital tokens known as Stablecoins, is expected to pass into law after clearing the Senate last month.

The House will additionally address anti-CBDC surveillance laws that would stop the Federal Reserve from issuing digital currencies for central banks, although this measure might struggle to gain support in the Senate.

Trump, who has become a significant ally for the crypto industry during his second term, is urging the House to urgently pass the “clean” stability committee bill. He has expressed frustration over lawmakers’ attempts to modify the law and tie it to other measures, including clear regulations in the digital asset market.

The House is also considering clarifications regarding digital asset market regulations that differentiate between the two financial regulators. Meanwhile, the Senate seems inclined to propose its own market structure legislation.

Voting on the rules—central to the debate around these measures—tends to split along party lines, with the majority voting in favor and the minority voting against. However, in recent years, some Republicans have utilized procedural votes to voice their discontent with existing laws and leadership.