Cryptocurrency Bills Backed by trump Stall in House Vote
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Several key cryptocurrency-related legislative measures championed by President Donald Trump encountered a significant setback Tuesday as they failed to advance past a procedural hurdle in the House of Representatives. The outcome casts uncertainty on the industryS immediate legislative prospects.
Published July 16, 2025
Storm clouds hover over the U.S. Capitol on July 1, 2025 in Washington, D.C.
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Several cryptocurrency-related bills backed by President Donald Trump failed to clear a key procedural hurdle in the House of Representatives on Tuesday, dealing a major blow to the crypto industry.
The failed vote delivers a major blow to the crypto industry, which was hoping for a series of legislative wins this week – which had been billed as “crypto Week.”
The final vote was 196-223, with 13 Republicans voting with Democrats to block the procedural motion, NBC News reports.
House leadership tentatively plans to hold another vote later in the day Tuesday to advance the legislation.
The vote was a rare instance of House republicans refusing to take direction from Trump.
Trump hailed ‘Crypto Week’ during a post on his Truth Social earlier on Tuesday and urged all House Republicans to vote “yes” on the measure.
“The House will soon VOTE on a tremendous Bill to Make America the UNDISPUTED, NUMBER ONE LEADER in digital Assets – Nobody does it better!” Trump wrote.
“The GENIUS Act is going to put our Great Nation lightyears ahead of China, Europe, and all others, who are trying endlessly to catch up, but they just can’t do it,” he wrote.
“Digital Assets are the FUTURE, and we are leading by a lot! Get the first Vote done this afternoon (ALL REPUBLICANS SHOULD VOTE YES!),” Trump continued.
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Evergreen Insights
The recent legislative push for cryptocurrency regulation in the United States reflects a growing global interest in digital assets.Countries worldwide are grappling with how to integrate these innovative financial tools into existing frameworks while mitigating potential risks. The U.S. has seen a surge in proposals aimed at clarifying the regulatory landscape for cryptocurrencies, including measures to foster innovation and protect consumers.Historically, the approach to new financial technologies has often involved a period of observation and adaptation before complete legislation is enacted. The current debate highlights the tension between encouraging technological advancement and ensuring financial stability and security.
Frequently Asked Questions About Cryptocurrency Legislation
- What is the primary goal of the cryptocurrency bills backed by President Trump?
- The primary goal is to position the United States as the leading nation in digital asset innovation and progress.
- Why did the cryptocurrency bills fail to clear a key procedural hurdle in the house?
- The bills failed due to a procedural vote where a significant number of House members, including some Republicans, voted against advancing them.
- What is “Crypto Week” in the context of this legislation?
- “Crypto Week” refers to a period where the House of Representatives was scheduled to vote on several cryptocurrency-related bills.
- What does it mean for a bill to fail to clear a procedural hurdle?
- It means the bill did not receive enough votes to proceed to further debate and consideration on the House floor.
- What is the importance of Republicans voting against President Trump’s backed legislation?
- It is indeed considered a rare instance of Republicans diverging from President trump’s direct requests on a legislative matter.
- What are “Digital Assets” in the context of these
