U.S. House Blocks Crypto Bills Including GENIUS Act Amid GOP Infighting

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2025-07-16 07:23:02

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House Republicans derailed a procedural vote to advance three cryptocurrency bills on July 15, dealing a blow to pro-crypto factions within the party. The 196-223 vote saw opposition from both Democrats and GOP hardliners, who demanded the legislation be bundled with two additional bills—one addressing market structure and another proposing a ban on central bank digital currencies (CBDCs).

Rep. Marjorie Taylor Greene (R-Ga.) criticized the Senate for omitting a CBDC prohibition from the GENIUS Act, echoing former President Trump’s January executive order. House Speaker Mike Johnson’s refusal to allow amendments further complicated negotiations. Leadership plans a second vote, though its scope remains uncertain.

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