House Rejects Crypto Rule Package Despite Trump’s Push, Sets Stage for Second Vote
The U.S. House of Representatives rejected a procedural motion to advance three cryptocurrency bills during its 'Crypto Week,' despite former President Donald Trump's public endorsement. Trump urged Republicans via Truth Social to support the GENIUS Act, framing it as critical for maintaining U.S. dominance over China and Europe in digital asset regulation. The package failed after libertarian-leaning lawmakers opposed bundling the crypto measures with defense spending.
Opposition centered on House Freedom Caucus members demanding separate debates. Representative Chip Roy emphasized his push for a CBDC ban and called the CLARITY Act equally vital. Fox News reports TRUMP is applying direct pressure on dissenting lawmakers as leadership prepares for another vote.
