Speaker Mike Johnson expressed his intention to attempt a revote on Wednesday for a procedural vote that would allow the House to consider a slate of cryptocurrency bills after GOP hardliners rejected the measure on Tuesday. Johnson told reporters that the White House, Senate, and House remain committed to pushing these bills forward, reflecting a persistent bipartisan interest in digital currency regulation.
Despite the setback, Johnson noted that the House conservatives are still engaged in internal discussions, seeking to address concerns and find a path forward. The Louisiana Republican emphasized that while the bills are a priority, the GOP leadership is cautious about how to proceed. He suggested that the bills would need to be addressed individually, rather than as a single package, to avoid complications in the legislative process.
House conservatives are advocating for modifications to the Senate’s stablecoin bill or for it to be bundled with two other digital asset bills that were originally slated for floor votes this week. However, senior House Republicans have expressed concerns that combining these measures into a single package could lead to significant procedural challenges, potentially resulting in the bill’s failure in the Senate. This highlights the complexity of navigating the legislative process when dealing with high-stakes issues like cryptocurrency regulation.
The outcome of this legislative effort will be closely watched, as it could have significant implications for the regulation of digital assets and the broader financial landscape. Johnson’s attempt to move forward with the bills underscores the ongoing debate over how to address the challenges and opportunities presented by cryptocurrency within the U.S. financial system.