Democrats will enter the next Congress with a record of helping pass stablecoin legislation and dividing sharply over the rules for the rest of crypto. Their earlier votes leave room for another deal, but the conditions they attached to negotiations, including restrictions on officials’ crypto interests and stronger financial safeguards, give the industry a clearer guide to the argument ahead than the election result alone.
Summary
- Seventy-eight House Democrats voted for CLARITY in July 2025, while 134 opposed it. The split shows that support for writing a market structure law did not amount to agreement on the version the House passed.
- The Senate passed the GENIUS stablecoin…
