House rejects crypto rule package despite Trump’s call, push for second vote later today

President Donald Trump urged House Republicans connected July 15 to support a procedural question that would beforehand 3 crypto bills during the chamber’s “Crypto Week,” but lawmakers resisted the measure successful today’s voting session. 

Trump wrote connected Truth Social that “all Republicans should ballot yes,” arguing that the GENIUS Act volition support the US “lightyears ahead” of China and Europe successful integer plus regulation.

Leadership counts showed immoderate libertarian‑leaning members swung against the regularisation aft it merged the crypto bills with defence spending, contempt Trump’s appeal.

Journalist Jake Sherman described the decision arsenic “a immense stroke to crypto’s sway successful D.C.” At the aforesaid time, effect capitalist Ryan Wallace said astir dissenting votes came from House Freedom Caucus members who opposed bundling the bills with the defense‑spending measurement and demanded abstracted debates. 

Representative Chip Roy confirmed that stance, telling newsman Laura Weiss helium wants “a hard ban” connected a US cardinal slope integer currency (CBDC) and sees the CLARITY Act arsenic as important. He added that opponents “need to beryllium dealing with this each astatine once” and volition question aboriginal commitments earlier the GENIUS Act advances.

According to a Fox News report, Trump is “pissed” and is straight pressuring lawmakers who voted against the crypto regularisation package.

Rule ballot stalls the combined package

The failed question would person combined the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance Act with the fiscal twelvemonth defence appropriation. 

Speaker Mike Johnson said Republicans blocked the regularisation due to the fact that “some members truly privation to stress the House’s product.”

Wallace rumored a revised regularisation for a 2nd vote, and it mightiness hap astatine about 5 P.M. ET. 

The caller connection could decouple the defence measure oregon divided the crypto measures, allowing each to person idiosyncratic statement time.

Should it pass, level statement connected the crypto measures could statesman connected July 16, with last votes aimed for aboriginal successful the week.

The station House rejects crypto regularisation bundle contempt Trump’s call, propulsion for 2nd ballot aboriginal today appeared archetypal connected CryptoSlate.