Crypto bill15 Jul 2025 20:53
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 final vote on the rule was 196-223, with 13 Republicans voting with Democrats to block the procedural motion. The measure cannot move forward until the House approves the rule, which governs debate for legislation.
House leadership tentatively plans to hold another vote later in the day Tuesday to advance the legislation.
It was unclear Tuesday whether the second vote would be for an identical rule and the same bills, or whether House Republican leaders would make changes to the package to satisfy the defectors, which were predominately GOP hardliners.
Crypto-linked stocks turned lower after the vote failed. Shares of stablecoin company Circle dropped more than 7% on the news, while Coinbase fell more than 4% and digital asset firm MARA Holdings dipped more than 2%.
Rep. Marjorie Taylor Greene, R-Ga., was one of the more than a dozen House Republicans to vote against the rule to advance the legislation.
“I just voted NO on the Rule for the GENIUS Act because it does not include a ban on Central Bank Digital Currency and because Speaker Johnson did not allow us to submit amendments to the GENIUS Act,” Greene wrote on X after the vote.
“President Trump included a ban on CBDC in his January 23rd executive order and Congress must also include the ban on CBDC in the GENIUS Act,” she continued, referring to Trump’s order promoting the advancement of cryptocurrencies.…
From CNBC…
Ideal as I wanna top up at coin. This will pass. BTC only down 3%. ETF’s and treasury still pushing ahead.
Trek
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