GENIUS Act Stalls in House Vote, Clouding U.S. Crypto Legislation Plans

The U.S. House of Representatives failed to advance the GENIUS Act, a key piece of cryptocurrency legislation, after a procedural vote ended 196-222. The setback disrupts plans for Crypto Week, which aimed to push forward the GENIUS Act alongside the CLARITY Act and Anti-CBDC Act.

Republican opposition centered on the lack of a full ban on central bank digital currencies, while Democrats seized the opportunity to criticize GOP leadership. The failure leaves the legislative future of these bills uncertain, with lawmakers preparing for another round of voting amid waning momentum.

Market participants now face renewed regulatory ambiguity as Washington struggles to establish clear crypto policies. The delay comes at a critical juncture for industry growth, with institutional adoption hanging in the balance.