A dozen hardline Republicans on Tuesday derailed a raft of crypto legislation headed for a vote on the House floor, briefly throwing the three digital asset bills into limbo as GOP leadership scrambled to bring its caucus back together.

The House failed to pass a procedural vote to allow the chamber to move forward with consideration of the three crypto bills, as well as legislation to fund the Pentagon for the next fiscal year.

The crypto measures represent a key priority for President Trump and GOP leaders, who have vowed to get the long-sought digital asset legislation across the finish line.

The GENIUS Act, which seeks to create a regulatory framework for stablecoins, is poised to become law if it can clear the House and make it to Trump’s desk. The bill passed the Senate last month with support from more than a dozen Democrats.

The second piece of legislation, the Digital Asset Market Clarity Act, aims to provide regulatory rules for the broader crypto market, splitting up oversight between two financial regulators.

It faces a more uncertain future, as the Senate prepares to introduce its own version of the market structure bill.

The third measure is the Anti-CBDC Surveillance State Act, which would block the Federal Reserve from issuing a central bank digital currency (CBDC). However, its companion bill has received little traction in the upper chamber.

While House Majority Leader Steve Scalise (R-La.) initially supported the procedural vote, he changed his vote to “no” as a procedural move to allow the chamber to vote on the measure again at a later date.

© The Hill