The U.S. House of Representatives passed a procedural motion to restart the review of the GENIUS Act and the encryption bill.

On July 16, local time, the U.S. House of Representatives passed a procedural motion with 215 votes in favor and 211 votes against, calling for a reconsideration of a cryptocurrency-related proposal that includes the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance Act. This motion also provides a "second chance" for the review of this series of bills.

The background of this event is that, on the previous day (July 15), leaders of the U.S. House of Representatives attempted to bundle the three cryptocurrency-related bills: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance Act with the annual defense appropriations in order to advance legislation. However, this attempt faced resistance, and the bundling proposal was ultimately rejected.

Libertarians and members of the House Freedom Caucus oppose this bundling approach, calling for separate debates and votes on each bill. Some lawmakers want to completely ban central bank digital currencies (CBDC) and believe that the CLARITY Act ( is equally important, urging opponents to "need to address this issue immediately."

Although the first attempt failed, things are not completely over. The House of Representatives passed a procedural motion to re-combine the three bills by a margin of 4 votes on July 16 local time, but since the motion itself does not constitute a formal statutory provision, the plan will not be directly submitted to the President for signing.

Next, the leaders of the House of Representatives and the Senate will face multiple choices: they can handle these bills separately, or incorporate them into other ongoing legislative projects, or choose to draft a new merged bill that can be accepted by both houses for final submission to the president for signing. Regardless of which path they choose, the core goal is to transform these bills into enforceable legislation so that they can take effect.

Overall, this process will determine the final fate of these encryption-related bills, and its outcome will have a profound impact on the direction of U.S. policy in the digital asset space.

) encryption Act #GENIUS Act