Bitcoin plummets by more than 3% after the failure to pass the GENIUS bill in the U.S. Congress 🇺🇸📉
Digital markets experienced a sudden disruption today, with Bitcoin dropping by more than 3% ⚠️, following the failure of the U.S. House of Representatives to pass the stablecoin bill known as GENIUS 🧠.
⏬ Bitcoin's price has fallen to below $116,000, after reaching a new historical peak of $123,000 💸🚀 in the previous hours.
The surprise came from within the Republican party itself, where 13 Republican deputies broke party lines and voted against the law alongside the Democrats 🤯⚖️, resulting in a final tally of 196 to 223 votes ❌.
The law was considered a pivotal step within Trump's vision 🇺🇸 to make the United States a global leader in digital currencies 🌐, especially after his explicit support for the project through his platform "Truth Social" 📱.
The sudden rejection of the law created a state of tension and anxiety among investors and developers 👨💻💥, prompting congressional leadership to announce a second vote later, in an attempt to save the initiative from total failure ⏱️🗳️.
📊 The market is now in a state of heightened anticipation, will confidence return soon? Or will chaos further overshadow the future of crypto? 🤔🔍