Storm clouds hover over the U.S. Capitol on July 1, 2025 in Washington, DC.
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The U.S. Home failed Tuesday to clear a key procedural hurdle that may have cleared the way in which for votes within the decrease chamber on a number of crypto-related payments.
The failed vote delivers a significant blow to to the crypto trade, which hoped for a collection of legislative wins this week — which had been billed as “Crypto Week.”
The ultimate vote was 196-223, with 13 Republicans voting with Democrats to dam the procedural movement, NBC Information stories.
The vote was a uncommon occasion of Home Republicans refusing to take route from President Donald Trump.
Trump hailed ‘Crypto Week’ throughout a submit on his Fact Social earlier on Tuesday and urged all Republicans to vote “sure” on the measure.
“The Home will quickly VOTE on an incredible Invoice to Make America the UNDISPUTED, NUMBER ONE LEADER in Digital Belongings – No one does it higher!” Trump wrote.
“The GENIUS Act goes to place our Nice Nation lightyears forward of China, Europe, and all others, who’re making an attempt endlessly to catch up, however they simply cannot do it,” he wrote.
“Digital Belongings are the FUTURE, and we’re main by so much! Get the primary Vote performed this afternoon (ALL REPUBLICANS SHOULD VOTE YES!),” Trump continued.
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