House rejects crypto package containing the GENIUS Act despite Trump urging progress

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On July 16, the House rejected the crypto-related proposals package, which included the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance Act, by a ballot of 183-203.

With the House rejecting the solution that had antecedently passed successful the Senate, the bundle efficaciously fails unless the House moves to reconsider oregon amend it and restarts the process.

Since this was a bundled connection and not a ceremonial bill, it did not spell to the President. The decision means the measures indispensable beryllium repackaged oregon brought to the level individually successful a caller legislative effort.

Crypto Package Setback connected July 15

House leaders brought GENIUS to the level 1 time aft members rejected a regularisation that bundled the 3 integer plus measures with the yearly defence appropriation.

President Donald Trump urged Republicans connected Truth Social connected July 15 to enactment the combined rule, penning that transition would support the United States “lightyears ahead” of China and Europe connected integer plus policy.

Libertarian‑leaning and House Freedom Caucus members objected to the bundling and pressed for stand‑alone statement time.

Representative Chip Roy told newsman Laura Weiss helium wants “a hard ban” connected a US cardinal slope integer currency and ranked the CLARITY Act arsenic as important. He said opponents “need to beryllium dealing with this each astatine once.”

The station House rejects crypto bundle containing the GENIUS Act contempt Trump urging progress appeared archetypal connected CryptoSlate.

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