Crypto Bills Clarity And GENIUS Postponed After A Procedural Failure

On Tuesday, in a turn as unexpected as it was symbolic, the United States House of Representatives canceled crucial votes on two major cryptocurrency bills. This setback, occurring amid “Crypto Week,” followed a procedural failure that exposed deep political divisions over the regulation of digital assets. While eyes were on the imminent adoption of the “Clarity” and “GENIUS” texts, discussions are now frozen, leaving uncertainty over the future of the U.S. crypto framework.

A Procedural Failure Revealing Internal Division

On Tuesday, a procedural vote designed to advance three bills related to digital assets failed: 196 in favor, 223 against. The consequence was immediate: all votes scheduled for the day were canceled, effectively suspending discussions on Clarity and GENIUS, two texts awaited by the crypto ecosystem for months.

The GENIUS law was intended to regulate the stablecoin sector by imposing dollar guarantees and annual audits. It had already been approved by the Senate and could have reached Donald Trump’s desk before the end of the week. As for the Clarity text, it promised to clarify the respective roles of the SEC and the CFTC while requiring increased transparency standards for players in the crypto ecosystem.

But it is precisely this desire to regulate a historically unregulated market that sparks opposition. For some Republican lawmakers, notably Greene, GENIUS does not go far enough in banning central bank digital currencies (CBDCs). Their fear? Increased government surveillance over citizens’ transactions.

GENIUS and Clarity: Ambitious Projects on Hold

Behind Tuesday’s cancellation lies much more than a simple legislative setback. The Clarity and GENIUS projects embodied a historic attempt to provide the United States with a clear roadmap on cryptocurrencies. GENIUS, in particular, proposed to establish a stablecoin market supported by the private sector, ensuring user security while protecting the country’s monetary sovereignty.

Cody Carbone, CEO of the Digital Chamber, remains optimistic. According to him, discussions will resume Wednesday. He argues that GENIUS is the best response to the specter of the CBDC: rather than prohibit it by force, it proposes to make the use of a public digital currency obsolete through the performance of a competitive private market. This position is shared by several industry figures but remains contested within political ranks.

Behind the scenes, Donald Trump is said to be pressuring for the project to move forward quickly, aware of the strategic impact this legislation could have on the American digital economy. His direct involvement could tip the scales in the coming days.

A Crypto Week with a Bittersweet Taste… But Not Without Future

The Crypto Week, presented as a unique opportunity to evolve the regulatory framework, ultimately faces the reality of partisan tensions. The House was also to examine a separate bill, sponsored by Tom Emmer, banning the Federal Reserve from issuing a CBDC accessible to individuals: a text which, ironically, might have addressed the objections of dissenters.

The stakes go far beyond the technical framework. This is an ideological battle between a state guaranteeing digital freedoms via flexible regulations and a more restrictive approach wary of any form of centralized digital currency.

While a potential resumption of votes is expected, hypothetically Wednesday for Clarity and Thursday for GENIUS, crypto markets remain in anticipation. Because beyond internal debates, America is playing its credibility against powers like China, which is advancing stealthily, and Europe, already ahead in digital asset regulation.