Storm clouds hover over the U.S. Capitol on July 1, 2025 in Washington, DC.
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The U.S. House failed Tuesday to clear a key procedural hurdle that would have cleared the way for votes in the lower chamber on several crypto-related bills.
The failed vote delivers a major blow to 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.
The vote was a rare instance of House Republicans refusing to take direction from President Donald Trump.
Trump hailed ‘Crypto Week’ during a post on his Truth Social earlier on Tuesday and urged all 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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