Did “Crypto Week” just flop in Congress? What happened?

1️⃣ Trump’s Plan

Trump pushed GOP lawmakers to pass key crypto bills during Crypto Week (July 14–18) — before the long August recess.

He wanted GENIUS, the pro-stablecoin bill, passed ASAP.

2️⃣ Republican Revolt

Despite Trump urging all GOP reps to vote yes via Truth Social…

❌ The bill failed: 196 YES vs 223 NO

👉 13 Republicans joined Democrats in voting it down.

3️⃣ Second Vote Cancelled

A same-day re-vote was planned — but canceled after internal GOP disagreements deepened.

Leadership pulled the plug. No second chance (for now).

❓ What’s next?

Unclear.

No revised bill or timeline yet.

If no deal is made by August, the next vote likely won’t happen until mid-September.

Bottom line:

Crypto Week was supposed to be a turning point.

Instead? Deadlock and delay. 🪦