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House preps for crypto votes on Wednesday and Thursday

The House is expected to vote Wednesday on a sweeping cryptocurrency market structure overhaul before taking up the Senate’s stablecoin legislation Thursday, according to three congressional aides with knowledge of the schedule who were granted anonymity to discuss unannounced plans.

The House is also expected to vote Wednesday on legislation that would ban a central bank digital currency, the aides said. The schedule remains tentative and is subject to change.

The bills, which comprise House Republicans’ “crypto week,” will all be considered by the House Rules Committee at 4 p.m. Monday.

The House is expected to pass the Senate stablecoin bill, known as the GENIUS Act, which would make it the first major crypto regulatory overhaul ever adopted by Congress. House Republicans opted not to change the stablecoin bill but inserted a handful of tweaks into Financial Services Chair French Hill’s market structure measure, the CLARITY Act, which would be sent to the Senate.

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