ARTICLE AD BOX
Storm clouds hover implicit the U.S. Capitol connected July 1, 2025 successful Washington, DC.
Chip Somodevilla | Getty Images
The U.S. House failed Tuesday to wide a cardinal procedural hurdle that would person cleared the mode for votes successful the little enclosure connected respective crypto-related bills.
The failed ballot delivers a large stroke to to the crypto industry, which was hoping for a bid of legislative wins this week — which had been billed arsenic "Crypto Week."
The last ballot was 196-223, with 13 Republicans voting with Democrats to artifact the procedural motion, NBC News reports.
The ballot was a uncommon lawsuit of House Republicans refusing to instrumentality absorption from President Donald Trump.
Trump hailed 'Crypto Week' during a station connected his Truth Social earlier connected Tuesday and urged each Republicans to ballot "yes" connected the measure.
"The House volition soon VOTE connected a tremendous Bill to Make America the UNDISPUTED, NUMBER ONE LEADER successful Digital Assets - Nobody does it better!" Trump wrote.
"The GENIUS Act is going to enactment our Great Nation lightyears up of China, Europe, and each others, who are trying endlessly to drawback up, but they conscionable can't bash it," helium wrote.
"Digital Assets are the FUTURE, and we are starring by a lot! Get the archetypal Vote done this day (ALL REPUBLICANS SHOULD VOTE YES!)," Trump continued.
This is breaking news. Please refresh for updates.
English (US) ·