Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

House Cuts Voting Days as Crypto Bill Faces Senate Test

Washington just sped up the clock on crypto regulation. And it could make the prospect of getting anything signed into law this year a ticking time bomb. House Republican leaders have canceled voting sessions for the final two weeks of September, removing eight legislative days and putting representatives on track to leave Washington Sept. 17. […] The post House Cuts Voting Days as Crypto Bill…

House Cuts Voting Days as Crypto Bill Faces Senate Test

The House of Representatives has eliminated voting sessions for the final two weeks of September, cutting eight legislative days and setting representatives to depart Washington on September 17. This schedule alteration coincides with the Senate's planned initial procedural vote on the Digital Asset Market Clarity Act. This timing introduces an unusual scenario where the crypto bill might clear one of its major political obstacles but fail to become law before the November midterms.

The GENIUS Act, which established a federal framework for payment stablecoins in 2025, was passed by the House in July 2025 with bipartisan support. However, the Senate's Sept. 15 vote is not a final approval but a vote on cloture to proceed to H.R. 3633. Even if the Senate secures 60 votes, the legislation may require amendment before a final vote.

The House's cancellation of voting days could leave the Senate working independently, potentially leading to the bill's expiration before it can become law. The crypto industry is at an inflection point, with the SEC advancing its own regulatory framework while Congress debates legislation. This situation may affect the decisions of banks, exchanges, stablecoin issuers, and other crypto-related entities, emphasizing the importance of a stable regulatory environment to de-risk investments in the crypto space.

Written by urgent.news from PYMNTS's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at pymnts.com →

More in Finance & Markets

More from Monday 7 September →