House conservatives tanked a procedural floor vote Tuesday afternoon to advance a trio of cryptocurrency bills and the fiscal 2026 Defense spending measure, throwing the fate of multiple Republican legislative priorities into limbo.
The 196-223 vote was the product of a House Freedom Caucus rebellion against the Senate-passed stablecoin bill, which would mark the first major crypto regulatory overhaul ever adopted by Congress. Thirteen Republicans voted “no.”
GOP hard-liners said they wanted that legislation to be packaged with the two other crypto bills on tap for consideration this week: a market structure bill and a bill that would ban a central bank digital currency.
Rep. Marjorie Taylor Greene (R-Ga.) told reporters she voted against the procedural “rule” for floor debate on the four separate bills because the stablecoin legislation “does not reflect the president’s executive order on January 23 that specifically says there should be a ban on central bank digital currency” — and because Speaker Mike Johnson would not allow the House to vote on amendments to the legislation.
