Several Trump-backed cryptocurrency bills failed to pass a key House procedural vote Tuesday, blocking progress during Crypto Week, according to CNBC. Thirteen Republicans joined Democrats in a 196-223 vote to block the rule needed to advance crypto legislation. A stablecoin regulation bill called the GENIUS Act, which passed the Senate with some Democratic support, is now stalled in the House after the failed procedural vote. Rep. Marjorie Taylor Greene opposed the GENIUS Act rule vote because it lacked a ban on central bank digital currency and did not allow amendments. President Trump promoted “Crypto Week” on Truth Social and urged House Republicans to support the GENIUS Act, calling it a critical step toward U.S. leadership in digital assets. He claimed the bill would put America far ahead of its global competitors and emphasized that all Republicans should vote in favor.
