Lawmakers Back 3 Crypto Bills in What Emmer Calls the “Most Pro-Crypto Congress Ever”

After nine hours of backroom haggling, the U.S. House of Representatives has pushed through a procedural vote to move forward on three major cryptocurrency bills. The razor-thin 217–212 result was a victory for Republican leaders and a direct response to a Tuesday setback, when a group of conservatives joined Democrats to block the measure.

With pressure mounting, lawmakers reconvened, and after long internal talks, the crypto bills were greenlit for formal debate. The shift came just one day after former President Donald Trump personally stepped in to break the impasse. His support secured key holdouts and reignited momentum for the legislation.

Emmer Secures Win with Anti-CBDC Clause

House Majority Whip Tom Emmer played a key role in pushing the bills forward. To win over skeptical conservatives, Emmer agreed to attach his anti-central bank digital currency (CBDC) bill to the annual defense authorization package. The move ensured that the controversial measure would be considered alongside the broader crypto push.

Speaking after the vote, Emmer called this the “most pro-crypto Congress ever” and framed his CBDC bill as a bulwark against “surveillance-state” overreach. His measure would bar the Federal Reserve from launching a digital dollar, a proposal some Republicans fear could give the government too much control over private transactions.

Stablecoin Rules Head to Trump’s Desk

One of the most significant developments is the progress of the stablecoin bill, which has already passed the Senate. If approved by the House, it will go to Trump for final signature. This bill would create a federal framework for stablecoins, which would bring long-awaited clarity to an area of crypto used daily by millions.

Stablecoins, which are pegged to traditional currencies like the dollar, have become essential tools for traders moving money across the crypto ecosystem. Supporters argue that federal rules would boost investor protection and enable wider adoption in financial markets.

SEC Faces Limits with New Market Structure Rules

The second key bill now under House consideration seeks to clarify how crypto assets are classified. It aims to determine when a token is treated as a security or a commodity. This change would limit the Securities and Exchange Commission’s grip over much of the crypto sector.

Crypto advocates have long criticized the SEC’s approach as overly aggressive and unpredictable. A new legal definition could shift oversight to the Commodity Futures Trading Commission for many digital assets, providing clearer pathways for token launches and investor participation.

Crypto Stocks Jump But There’s a Long Road Ahead

The policy shift has sent ripples through the market. Shares of Coinbase (COIN), a key beneficiary of regulatory clarity, rose as traders anticipated easier conditions for token listings. Blockchain-linked firms such as Marathon Digital (MARA) and Riot Platforms (RIOT) also gained, alongside Ether and Bitcoin prices. Circle, the issuer of the USDC (USDC-USD) stablecoin, saw increased interest after the vote, with speculation rising over its potential market expansion under the proposed rules.

While the House vote is a milestone, challenges remain. The Senate still needs to take up the market structure and anti-CBDC bills. Debate over federal digital currency policy remains heated, and not all lawmakers are sold on removing SEC authority.

Still, momentum is clearly swinging in crypto’s favor. For the first time, coordinated federal action looks possible. If passed, this trio of bills would establish the clearest legal framework for digital assets in the United States to date.

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