Today’s vote in the U.S. House concluded at 196–223, halting three pivotal crypto bills before debate could even begin:
Stablecoin Oversight Framework Act (formerly “GENIUS Act”)
Digital Asset Market Structure Clarity Act
Anti-CBDC Surveillance State Act
Why It Failed:
• GOP infighting + unified Democratic opposition
• Speaker Johnson confirmed there will be no immediate re-vote
Market Ripples:
• Circle (USDC) down ~4%
• Coinbase shares off 1.5%
• Bitcoin slipped nearly 3%
Trump Weighs In:
On Truth Social, former President Trump blasted the outcome as “a disaster” and urged all Republicans to back the Stablecoin Oversight Framework Act. He warned that U.S. delays hand an edge to China 🇨🇳 and the EU 🇪🇺 in setting crypto rules.
What’s Next:
• Back-channel negotiations are underway
• Trump vows to rally support for a new vote
• Other nations may seize the moment to advance their own crypto agendas
• Institutional players will likely remain cautious until clarity returns
My Take:
1. Immediate volatility—but not a death knell for U.S. crypto leadership
2. Trump’s influence could reignite momentum if he corners GOP support
3. The U.S. must choose: lead innovation or cede ground to global competitors
💬 Your thoughts? Can Trump turn this setback into a comeback and reassert America’s role in the crypto space? Drop your perspective below! 👇
#CryptoRegulationBattle #USPolitics #bitcoin #Stablecoins #BinanceSquare #CryptoNews #TrumpOnCrypto
