Crypto Week in the U.S. didn’t start well — yesterday’s procedural vote on major crypto legislation failed with a count of 223 against vs. 196 in favor, halting progress on several important bills. But today brought a sharp turnaround. Donald Trump personally stepped in, called lawmakers to a meeting at the White House, and announced a new plan: a re-vote scheduled for July 16.

⚠️ Crypto Bills in Jeopardy — Until Trump Intervened

Following the failed vote in Congress, the future of the GENIUS Act and the Clarity Act looked uncertain. These proposals are vital to creating a clear and functioning regulatory framework for stablecoins and digital assets in the United States.

On Truth Social, Trump revealed that he had met with 11 of the 12 lawmakers needed to flip the vote. The outcome? A commitment from all present to support the motion in a new vote scheduled for the following morning.

“I hope the vote takes place as soon as possible tomorrow. I thank the representatives for their swift and positive response,” Trump stated.

📜 What Are These Bills?

Beyond the well-known GENIUS Act — which would enforce full USD backing for stablecoins, mandate annual audits for issuers over $50 billion, and regulate foreign-issued stablecoins — the package also includes the Clarity Act.

The Clarity Act aims to define the roles and jurisdictions of the SEC and CFTC, increase investor protections, and require digital asset providers to segregate customer funds from company assets.

Both bills were key parts of the U.S. House agenda during what has been dubbed “Crypto Week in Congress.”

🔍 What Caused the Vote to Fail?

The initial vote failed due to resistance from certain Republicans, particularly members of the House Freedom Caucus, who objected to combining crypto legislation with defense funding measures. As a result, the procedural rule — necessary to begin debate — was rejected.

Given that Trump views these crypto laws as strategically important for America’s fintech future, he decided to intervene directly and persuade hesitant lawmakers to change course.

🔔 What’s Next?

✅ The new vote is scheduled for July 16 at approximately 12:20 PM (Washington time). If passed, it will open the door for debate and potential approval of the bills later this week.

📈 Markets reacted positively — while uncertainty dominated yesterday, today’s developments have revived investor optimism, especially around stablecoin projects and altcoins.

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