U.S. House Derails Crypto Week as Key Bills Stalled in Procedural Vote
Legislative momentum for cryptocurrency regulation ground to a halt as House lawmakers rejected a procedural motion that would have advanced three pivotal bills. The GENIUS Act for stablecoins, CLARITY legislation, and Anti-CBDC proposal failed to reach debate after a 196-223 vote, with dissenting Republicans joining Democratic opposition.
Market observers noted the unexpected bipartisan resistance stemmed from concerns over central bank digital currencies and fragmented legislative strategy. Representative Marjorie Taylor Greene publicly opposed the package, citing insufficient CBDC restrictions in her social media declaration.
The setback leaves the digital asset industry without anticipated regulatory clarity during the designated crypto Week. Trading platforms and issuers now face prolonged uncertainty as congressional leadership provides no timeline for reconsideration.