H. Res. 580

This rule currently governs S. 1582, H.R. 4016, H.R. 3633, and 2 more.

Hover any dotted term or colored badge for a plain-English explanation.

Overview

Floor outcome, , and debate structure.

Floor adoption

196-223

Floor vote date

Jul 15, 2025

h195-1-119

8-4

211-210

one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Appropriations or their respective designees.

Committee motion

Motion by Mr. Jack to report the rule. Adopted: 8-4

Who Ran The Debate?

The and the original source documents.

Measures Governed

The bills and resolutions linked to this special rule entry.

S. 1582

View legislation

GENIUS Act

H.R. 4016

View legislation

Department of Defense Appropriations Act, 2026

H.R. 3633

View legislation

Digital Asset Market Clarity Act of 2025

Rule Instructions

Numbered parsed from the source rule text.

No.	Provision text
2	Waives all points of order against consideration of the bill.
3	Provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Appropriations or their respective designees.
4	Each amendment shall be considered only in the order printed in the report, may be offered only by a Member designated in the report, shall be considered as read, shall be debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, shall not be subject to amendment except as provided by section 4 of the rule, and shall not be subject to a demand for division of the question.

Rules Committee Vote

Recorded votes on the .

Member	Vote	Party bloc
Mrs. Fischbach	yea	Majority
Mr. Norman	yea	Majority

Amendment	Sponsor	Summary
1	Davidson (OH)	Revised Protects an individual's right to maintain a hardware wallet or software wallet for the purpose of facilitating the individual’s own lawful custody of digital assets; and to engage in direct, peer-to-peer transactions in digital assets with another individual or entity for the individual’s own lawful purposes using a hardware wallet or software wallet. Identical to Section 105(c) in Rules Committee Print 119-6 for H.R. 3633 - Digital Asset Market Clarity Act of 2025.
3	Waters (CA)	Replaces language in the GENIUS Act that allows public non-financial companies to issue stablecoins, with language from the Clarity Rules Committee Print that establishes the separation of banking and commerce to clearly prohibit a non-financial company (e.g. Facebook, Amazon, Walmart, etc.) from owning a payment stablecoin issuer.
4	Waters (CA)	Inserts critical consumer protections from the bipartisan Waters-McHenry stablecoin bill including third party vendor oversight; additional resolution framework tools; language encouraging issuers to consider in their application the benefit to the public and underserved individuals; closes loophole that allowed uninsured banks to engage in money transmission or custodial services nationwide without the approval or oversight of other State regulators; reserves the authorities of relevant regulators; financial privacy; and more.
5	Waters (CA)	Adds criminal penalties for exchanges that violate the foreign issuer prohibition. Establishes that the Treasury Secretary cannot deem a foreign country to have a stablecoin regime comparable to that of the U.S. if the current leader of that country has described themselves as a dictator.
6	Davidson (OH)	Prohibits a Federal Reserve bank from offering products or services directly to an individual, maintaining an account on behalf of an individual, or issuing a central bank digital currency (i.e., a digital dollar). Further, the Board of Governors of the Federal Reserve System is prohibited from using a central bank digital currency to implement monetary policy or from testing, studying, creating, or implementing a central bank digital currency, with exceptions as provided by the bill.
7	Friedman (CA)	Ensures that stablecoin issuers adhere to capital and liquidity requirements, interest rate risk controls, Bank Secrecy Act and sanctions compliance, and cybersecurity and operational safeguards to protect the broader financial system from instability from potential stablecoin failures.
8	Friedman (CA)	Cracks down on crypto ATM scams that target seniors by requiring crypto ATM operators to implement anti-fraud policies and empowering law enforcement to combat fraud.
9	Friedman (CA)	Protects national security and the American financial system by preventing foreign stablecoins from accessing U.S. markets and enhances anti-money laundering and sanctions compliance measures.
2	Waters (CA)	Includes the “Stop TRUMP in Crypto Act”, which blocks the President, Vice President, Members of Congress, and their immediate families from engaging crypto corruption and conflicts of interest. Identical to H.R. 3573 (118th Congress).

Amendment

Sponsor

Summary

Davidson (OH)

Revised Protects an individual's right to maintain a hardware wallet or software wallet for the purpose of facilitating the individual’s own lawful custody of digital assets; and to engage in direct, peer-to-peer transactions in digital assets with another individual or entity for the individual’s own lawful purposes using a hardware wallet or software wallet. Identical to Section 105(c) in Rules Committee Print 119-6 for H.R. 3633 - Digital Asset Market Clarity Act of 2025.

Waters (CA)

Replaces language in the GENIUS Act that allows public non-financial companies to issue stablecoins, with language from the Clarity Rules Committee Print that establishes the separation of banking and commerce to clearly prohibit a non-financial company (e.g. Facebook, Amazon, Walmart, etc.) from owning a payment stablecoin issuer.

Waters (CA)

Inserts critical consumer protections from the bipartisan Waters-McHenry stablecoin bill including third party vendor oversight; additional resolution framework tools; language encouraging issuers to consider in their application the benefit to the public and underserved individuals; closes loophole that allowed uninsured banks to engage in money transmission or custodial services nationwide without the approval or oversight of other State regulators; reserves the authorities of relevant regulators; financial privacy; and more.

Waters (CA)

Adds criminal penalties for exchanges that violate the foreign issuer prohibition. Establishes that the Treasury Secretary cannot deem a foreign country to have a stablecoin regime comparable to that of the U.S. if the current leader of that country has described themselves as a dictator.

Davidson (OH)

Prohibits a Federal Reserve bank from offering products or services directly to an individual, maintaining an account on behalf of an individual, or issuing a central bank digital currency (i.e., a digital dollar). Further, the Board of Governors of the Federal Reserve System is prohibited from using a central bank digital currency to implement monetary policy or from testing, studying, creating, or implementing a central bank digital currency, with exceptions as provided by the bill.

Friedman (CA)

Ensures that stablecoin issuers adhere to capital and liquidity requirements, interest rate risk controls, Bank Secrecy Act and sanctions compliance, and cybersecurity and operational safeguards to protect the broader financial system from instability from potential stablecoin failures.

Friedman (CA)

Cracks down on crypto ATM scams that target seniors by requiring crypto ATM operators to implement anti-fraud policies and empowering law enforcement to combat fraud.

Friedman (CA)

Protects national security and the American financial system by preventing foreign stablecoins from accessing U.S. markets and enhances anti-money laundering and sanctions compliance measures.

Waters (CA)

Includes the “Stop TRUMP in Crypto Act”, which blocks the President, Vice President, Members of Congress, and their immediate families from engaging crypto corruption and conflicts of interest. Identical to H.R. 3573 (118th Congress).