U.S. House advances key crypto legislation to Final Vote

The journey to find a comprehensive regulatory framework for crypto in the United States is reaching a decisive moment. After months of debate and lobbying, the U.S. House is now ready for the final votes on legislation that could shape the future of the industry for years to come.

According to a CoinDesk report on July 17 2025, after a session lasting nearly 10 hours, the House passed a key procedural vote, thereby advancing digital asset legislation to the final voting stage. This procedural vote passed by a narrow margin of 217 to 212.

1. Overcoming a Political Hurdle

The vote was reportedly delayed due to a number of Republican lawmakers who insisted on inserting an anti-Central Bank Digital Currency (CBDC) provision into the must-pass National Defense Authorization Act (NDAA). Resolving this political hurdle officially cleared the path for the specialized crypto bills to be considered.

2. Key Bills Awaiting a Final Vote

The industry's attention is now focused on the voting schedule for the following bills:

a) The Stablecoin Bill (GENIUS Act): This is considered the top priority, with a final vote expected to happen as early as Thursday. If passed by the House, the bill will be sent to the President to be signed into law, creating the first federal framework for stablecoin issuers in the U.S.

b) The Market Structure Bill (CLARITY Act): This bill is also set for a final vote soon. Its core purpose is to resolve the long-standing jurisdictional dispute between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), clarifying which agency regulates which type of crypto asset.

The market and industry experts generally expect these bills to receive bipartisan support. Previously, the GENIUS Act received strong support in the Senate with 68 votes, indicating a growing political consensus on the need for regulation.

This regulatory clarity is seen as the final missing piece to open the door for major financial institutions like JPMorgan, BNY Mellon, and Nasdaq to fully enter the market. As Bitwise previously analyzed, a clear set of laws could bring billions of dollars in new investment and help the crypto industry minimize systemic risks, moving into a more mature and sustainable phase of development.