Wow... today was wild in the crypto space. The U.S. House just blocked three major crypto bills — and honestly, it’s a big setback.
Here’s what happened 👇
The vote failed 196–223. That means none of these bills even made it to the debate stage:
🔹 GENIUS Act – Aimed to create solid rules for stablecoins
🔹 Digital Asset Market Structure Clarity Act – Would give us clarity on how crypto is regulated
🔹 Anti-CBDC Surveillance State Act – Tried to block a U.S. government digital currency (CBDC)
Why did it fail?
Because Republicans couldn’t all agree, and Democrats stood firmly against it. So, it didn’t move forward at all. Speaker Mike Johnson confirmed there won't be another vote today.
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📉 Market Reaction:
Not surprisingly, the market didn’t like this:
Circle dropped 4%
Coinbase fell 1.5%
Bitcoin went down about 3%
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🔥 Trump’s Response? He’s Pissed.
Trump took to Truth Social and called the failed vote a “disaster.”
He said:
> “The GENIUS Act will put America light-years ahead… EVERY Republican should vote YES!”
He also warned that this delay gives China 🇨🇳 and the EU 🇪🇺 a chance to take the lead in crypto innovation.
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⏳ What Happens Now?
Crypto Week isn’t dead… it’s just on pause.
Behind the scenes, talks are still happening, and Trump says he’s going to push hard for a re-vote soon.
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🌍 My Take:
1. This is a short-term shock, but it’s not over yet.
2. Trump seems ready to fight for it — and he might bring the momentum back.
3. The U.S. really needs to decide: lead the crypto space or get left behind.
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💬 What Do You Think?
Can Trump revive Crypto Week and help the U.S. lead the future of crypto?
Drop your thoughts below 👇
#TrumpOnCrypto #Binance #Bitcoin #CryptoRegulation #CryptoWeek $BTC