House Democrats Struggle to Approach ‘Crypto Week’ With Unified Front
The post House Democrats Struggle to Approach ‘Crypto Week’ With Unified Front appeared on BitcoinEthereumNews.com.
In brief House Democrats are split on how to approach several votes on crypto legislation set for next week. Some are intent on vocally tying the bills to President Trump’s personal crypto ventures and perceived conflicts of interest. Other Democrats are likely to support the legislation, but in lesser numbers than last year, when a similar bill passed the House. House Republicans, supported by the White House, are barrelling forward with a slew of crucial votes on digital assets legislation set for next week—and Democrats appear unsure of how to approach “Crypto Week” with a unified front. Next week, among other crypto-related measures, the House will vote on the stablecoin-focused GENIUS Act and the CLARITY Act, which would create a crypto market structure framework. Some senior House Democrats have urged party leadership to officially come out against both bills, and whip votes against them, sources familiar with the matter told Decrypt. But these efforts appear to have been unsuccessful, others said—for numerous reasons, including firm support for both bills among other factions of Democrats with their own motivations. Among House Democrats, there appears to be a growing consensus that the CLARITY Act will likely squeak by next week with support from all Republicans and some Democrats. But that vote is looking poised to be on a much thinner margin than last year, when another crypto market structure bill passed the House with commanding bipartisan support. That vote, which saw 71 Democrats sign on for crypto market regulation, sent an unmistakable signal of support for the industry across the political spectrum. A vote more along party lines next week would be much murkier—and certainly disappoint industry leaders, who have spent hundreds of millions of dollars and countless hours trying to make crypto a nonpartisan issue. The principal reason some Democrats are…
Filed under: News - @ July 12, 2025 1:18 am