Trump-Backed Crypto Bills Blocked in Shock House Vote – What It Means for the Future of Digital Assets!
Washington, D.C. | July 15, 2025 –
In a surprising twist during what was dubbed “Crypto Week” in Washington, several major crypto regulation bills backed by former President Donald Trump were blocked in the U.S. House of Representatives, sending shockwaves through the digital asset industry.
The House vote failed 196–223, with 13 Republican lawmakers joining Democrats to block the procedural rule needed to advance the legislation. Without this approval, the bills — including the much-anticipated GENIUS Act and CLARITY Act — are now in limbo.
🏛️ What Happened?
The procedural vote — which governs whether the House can begin debate — failed on Tuesday, delaying progress on three high-profile cryptocurrency bills. These include:
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GENIUS Act – Passed in the Senate with bipartisan support, the bill aims to regulate stablecoins like USDC.
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CLARITY Act – Designed to clarify whether digital assets are securities or commodities, dividing regulation between the SEC and CFTC.
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CBDC Ban Proposal – Aimed at blocking the Federal Reserve from launching a central bank digital currency.
Trump had promoted these measures heavily on Truth Social earlier in the day, declaring:
“Digital Assets are the FUTURE, and we are leading by a lot!”
💥 Why Did It Fail?
The vote failed largely because conservative Republicans — including Rep. Marjorie Taylor Greene — opposed the GENIUS Act for not including a complete ban on central bank digital currencies (CBDCs).
“I just voted NO... because it does not include a ban on CBDC,” Greene posted on X (formerly Twitter), emphasizing her dissatisfaction with House Speaker Mike Johnson for not allowing amendments.
Although Trump previously issued an executive order banning CBDCs, Greene and others demand that the legislation reflect that stance in full.
📉 Crypto Stocks React Instantly
Following the failed vote:
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Circle (stablecoin firm) dropped 7%
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Coinbase fell over 4%
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MARA Holdings dipped 2%
The market response reflected growing concerns that regulatory uncertainty could continue to cloud the crypto sector’s future.
🇺🇸 A Rare Break From Trump’s Influence
This vote marked an unusual moment in recent Republican politics — GOP lawmakers defying Trump’s direct appeal. Despite his social media push urging every Republican to vote “YES,” 13 broke ranks, derailing the momentum.
“The House will soon vote on a tremendous bill to make America the undisputed leader in digital assets,” Trump had posted Tuesday morning.
“Nobody does it better!”
🔮 What’s Next?
House leaders are expected to hold another vote — possibly later Tuesday — to revive the bills. It’s still unclear whether they will change the current package to win back conservative votes or reintroduce the exact same version.
Meanwhile, the industry — and millions of crypto investors — await clarity.
📊 Why This Matters Globally
With nations like China, Europe, and South Korea ramping up their digital asset frameworks, U.S. leadership in crypto is at a pivotal moment.
The failure of this vote could delay:
Investor protections
Clear business rules for crypto exchanges
Stablecoin regulations
Innovation in blockchain finance
📌 Final Thoughts
The failure of Trump-backed crypto bills to pass the first hurdle signals growing division within the Republican party and a volatile path ahead for the future of digital assets in America.
As lawmakers prepare for another vote, crypto enthusiasts and investors are watching closely — because the future of regulation could reshape how the world uses money.