Bitcoin prices remained largely flat on Thursday after the U.S. House of Representatives narrowly passed a key procedural vote, opening formal debate on long-awaited crypto legislation. The move marked a critical step forward in regulatory clarity for the digital asset space but also exposed lingering political divisions that limited market enthusiasm.
As of 06:25 GMT, Bitcoin traded at $118,747.50, up just 0.2%, having earlier surged past $123,000 before retreating on profit-taking and macroeconomic uncertainty. Traders appeared hesitant to push prices higher amid caution over unresolved trade tariffs and the still-fragile regulatory landscape.
The procedural motion passed with a 217–212 margin after a nine-hour deadlock and internal negotiations among Republican lawmakers. The bills under discussion include:
GENIUS Act: Proposes a federal framework for regulating stablecoins.
CLARITY Act: Seeks to define the classification of crypto tokens (securities vs. commodities).
Anti-CBDC Surveillance State Act: Aims to block the Federal Reserve from issuing a central bank digital currency.
This vote represents the first legislative movement of what is being called "Crypto Week"—a Republican-led initiative to bring structure and oversight to the digital asset market.
Although the vote marks progress, the slim margin and uncertainty around final bill passage have capped crypto momentum. Political volatility continues to be a key risk factor, especially with President Trump’s direct involvement influencing negotiations.
According to data from the Cryptocurrency Daily API, Bitcoin’s current price action reflects both profit booking at all-time highs and caution around unresolved policy developments.
You can also use the Crypto News API to track how these legislative changes are being covered in real-time by global media outlets.
Bitcoin’s muted response to the procedural vote highlights just how much traders are waiting for concrete regulatory outcomes. While the U.S. may be inching closer to a crypto policy framework, uncertainty—both political and economic—continues to restrict broader upside in the short term.
