House Rejects Crypto Legislation Package Despite Trump’s Push

The U.S. House of Representatives voted 183-203 against a bundled crypto proposal on July 16, dealing a setback to digital asset legislation efforts. The package included three key measures: the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance Act.

President TRUMP had publicly urged Republican support for the package on Truth Social, framing it as critical for maintaining U.S. leadership against China and Europe in crypto policy. The rejection forces lawmakers to either reconsider the package or introduce measures individually in a new legislative push.

Internal Republican divisions surfaced during debate, with Freedom Caucus members demanding standalone consideration of each proposal. Representative Chip Roy emphasized the need for comprehensive action, particularly on banning a U.S. CBDC and clarifying crypto regulations.