📅 July 15, 2025 | Washington D.C., USA
What looked like the most promising week of the year for crypto regulation ended, for now, with a slam of the door: the US House of Representatives failed to pass a key procedural vote, abruptly blocking two bills that sought to definitively shape the future of stablecoins and clarify what constitutes a digital security in the country. According to The Block, the failure of this motion freezes months of lobbying, bipartisan promises, and optimistic speeches, leaving the industry once again trapped in the legal uncertainty that has held back billions of dollars in institutional investment.
This week, dubbed Crypto Week, was the moment the blockchain community had been waiting for years. Two key bills were ready for debate in the House: one to establish clear standards for the issuance and auditing of stablecoins, and another to define once and for all which tokens are considered securities (regulated securities) and which are not.
Both bills had Republican backing and the tentative support of some moderate Democrats, driven in part by public pressure, the arrival of Bitcoin ETFs, and a multi-billion-dollar lobby of exchanges, investment funds, and Web3 startups. Even Trump, just hours earlier, stirred the mood by demanding full GOP support to pass these bills, in a historic shift from his anti-Bitcoin stance of 2021.
But Washington politics is a maze. According to The Block, the procedural motion—a technical vote required to advance the bills to the floor—failed to reach the required votes after a day of intense wrangling between party leaders. Internal sources cited by the outlet reveal that a group of fiscally conservative Republicans and some progressive Democrats formed an alliance, arguing that the final version of the laws favored large corporations too much and did not sufficiently protect consumers.
The result: both bills are back on the shelf, at least until the next legislative session. The market reaction was swift: shares of exchanges like Coinbase fell more than 5% in after-hours trading, while tokens like XRP and USDC felt slight downward pressure amid the return of regulatory uncertainty.
For analysts, this blockage is a wake-up call: crypto is no longer just technology; it's pure politics. Each line of a bill faces intersecting interests: traditional banks, DeFi startups, venture capital funds, young voters, and old guards who still see Bitcoin as a systemic threat.
On social media, the frustration is palpable: hashtags like #RegulateCryptoNow and #CongressFail are trending, while advocates like Brian Armstrong (Coinbase) and Jack Mallers (Strike) are publicly urging the crypto community to pressure their representatives to take up the issue before November.
Topic Opinion:
I'm clear: the crypto regulatory battle will be long, dirty, and full of unexpected twists and turns. That a simple technical vote overturns months of agreements shows that this industry is no longer played out solely on exchanges and blockchains, but in corridors and committees filled with vested interests.
Don't let your guard down: the lack of legal clarity will continue to generate spikes in volatility.
💬 Do you think the US Congress will finally manage to pass a comprehensive crypto law this year?
Or will the industry continue to navigate the gray area?
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