US Edition
Trump-backed crypto regulation bills fail to clear key hurdle in Congress
UNITED STATES, JUL 16 – House Freedom Caucus objections to Senate-led legislation caused procedural delays, blocking debate on bills including the GENIUS Act and Anti-CBDC Surveillance State Act, with 13 Republicans opposing.
- Last Tuesday, the U.S. House’s procedural vote failed, halting debate on three crypto bills.
- Amid Crypto Week, House Freedom Caucus objected to Senate-drafted bills, raising specific CBDC concerns, including Rep. Chip Roy's warning and Andy Harris's call to kill CBDC.
- Following the procedural setback, most major cryptocurrencies declined immediately after the vote, signaling market jitters, with Circle falling 5.3% to a session low.
- Despite the delay, the bills retain strong bipartisan support, and Speaker Mike Johnson said the House will retry the vote Wednesday.
- On Wednesday, the House plans to advance crypto bills by July 17, aiming to establish a stable framework for digital currencies, boosting U.S. treasury demand and industry activity.
89 Articles
89 Articles
Thirteen elected Conservatives of the House of Representatives overturned a procedural vote on Tuesday on three pieces of reform of the sector, inflicting a setback on the cryptocurrency industry and the U.S. president.
The “Crypto Week” has just received an unexpected but not definitive blow in the House of Representatives. What was supposed to be a simple step towards consolidating the regulation of the crypt market and a political victory for President Donald Trump, ended, for now, in a partial rejection by a dozen legislators of the most conservative wing of the Republican Party—the Freedom Caucus—that raised its voice by warning about risks of surveillance…
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…
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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