US EditionTrump-backed crypto regulation bills fail to clear key hurdle in Congress
UNITED STATES, JUL 15 – House Freedom Caucus objections to Senate-led bill development delayed a key procedural vote, causing a 5.3% drop in stablecoin issuer Circle's stock, officials said.
- On Tuesday, the U.S. House of Representatives halted key cryptocurrency legislation after a procedural vote failed in Washington, D.C.
- The vote stalled due to opposition from 13 Republicans joining all Democrats, centered on disagreements over passing three bills individually or as a package.
- The stalled measures include Senate-passed stablecoin regulation, broader market structure bills, and a provision banning Federal Reserve-issued central bank digital currency.
- President Donald Trump called on all Republicans to support the GENIUS Act, describing it as essential for maintaining the U.S.’s leadership in digital assets, while Fairshake emphasized the need for Congress to move past political disputes and implement responsible cryptocurrency regulations.
- Votes scheduled for the day were called off by House leaders after a conservative revolt, with Speaker Mike Johnson noting that discussions will continue, leaving the future of cryptocurrency legislation uncertain amid ongoing challenges.
36 Articles
36 Articles
House Conservatives Demand Bill Banning Central Bank Digital Currency Be Merged With Other Crypto Bills
The House was brought to a standstill on July 15 after conservatives tanked a vote to progress a series of cryptocurrency-related bills over their concerns that the format would leave loopholes for a future central bank digital currency (CBDC), which unlike decentralized cryptocurrency is designed for centralized control. In a 196–223 vote on Tuesday, the House rejected a rule that would have allowed lawmakers to consider a Department of Defense…
Republicans declared it 'crypto' week in the House. It's not going as planned
A trio of cryptocurrency bills that had been expected to pass the House this week stalled on Tuesday after a bloc of Republicans unexpectedly joined with Democrats to prevent the legislation from coming up for debate and votes. The procedural snafu brought the House’s so-called “crypto week” to a standstill — and dealt a blow to President Donald Trump, who had strongly urged Republicans to pass the bills as part of his push to make the U.S. the …
GOP rebel mutiny over Trump-backed crypto bills paralyzes House floor
A rebellion by conservative lawmakers forced the House of Representatives' legislative business to grind to a halt Tuesday.A dozen House Republicans joined Democrats to sink a procedural vote that would have allowed lawmakers to debate several measures before voting for them individually on the House floor.Now, House leaders' plans to vote this week on three cryptocurrency bills and pass one of their 12 yearly appropriations bills, specifically …
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