😱😱 U.S. Bill Voting Fails
• The "Cryptocurrency Week" in the U.S. House was interrupted when the procedural vote failed on July 15
• Bitcoin dropped 4% to $115,222 within minutes after the news broke
• Trump personally intervened, ensuring support for the GENIUS Act
• Republicans are divided on the strategy of bundling bills
Status of Laws and Market Effects
• GENIUS Act (stablecoin regulation): Now being processed first as an independent bill
• CLARITY Act (digital asset classification): Delayed, causing uncertainty in the market
• Anti-CBDC Act (restriction on central bank digital currencies): Conservative priority but stalled