House Majority Leader Steve Scalise said he expects votes on all three cryptocurrency bills that Republicans are pushing to go to the House floor Wednesday, though leadership is still weighing how to sequence or combine them.
“We’re bringing all of them,” Scalise said in a brief interview. “We’re back on track. And exactly what the combination will be, we’re talking through that, but all three bills will be encompassed in the work we do today.”
The slate of crypto bills includes a sweeping market structure measure known as the CLARITY Act, Senate-passed stablecoin legislation called the GENIUS Act and a third measure to ban a central bank digital currency.
“They’re all going to pass,” House Majority Whip Tom Emmer (R-Minn.) told reporters entering the speaker’s office Wednesday morning. How they pass, though, remains an open question.
GOP leaders could seek to merge the CBDC ban into the CLARITY Act in order to appease conservative hard-liners who brought down a key procedural vote Tuesday. The holdouts say they secured a promise from Trump to add CBDC language into CLARITY, but GOP leaders have balked at directly linking the two.
The market structure bill has bipartisan support, but most Democrats oppose banning a CBDC, which is a government-issued digital dollar that conservatives say would open the door to privacy invasions.
A senior Republican granted anonymity to describe private scheduling conversations said if the sequencing isn’t figured out today, the entire slate of bills could get pushed into next week.
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