#USCryptoWeek What just happened?
A key procedural vote in the U.S. House FAILED 196โ223, halting progress on 3 high-stakes crypto bills:
๐น GENIUS Act โ Stablecoin regulations ๐ช
๐น Digital Asset Market Structure Clarity Act โ Trading framework โ๏ธ
๐น AntiโCBDC Surveillance State Act โ Ban on U.S. CBDC ๐
๐งจ Why it matters:
Republican in-fighting + unified Democratic opposition = โ No floor debate.
House Speaker Mike Johnson confirms: No re-vote today. ๐
๐ Market reaction:
Circle: ๐ป4%
Coinbase: ๐ป1.5%
๐ฎ Whatโs next?
Backroom talks are ongoing. Crypto Week isnโt deadโjust paused. โธ๏ธ
๐ฅ Trumpโs Reaction:
๐ฑ On Truth Social, Trump called the vote a โdisasterโ:
> โThe GENIUS Act is going to put our Great Nation lightโyears aheadโฆ ALL REPUBLICANS SHOULD VOTE YES!โ
He warned that stalling this package would hand global crypto leadership to China and the EU. ๐จ๐ณ๐ช๐บ
๐งญ Conclusion: What It Means for Crypto Markets
1. ๐ Shortโterm uncertainty: The failed vote shocked investorsโBitcoin fell nearly 3%.
2. ๐ Not over yet: Trump vows to push a re-vote. House leaders may regroup.
3. ๐ Global competition intensifies: U.S. delay could open the door for rivals.
4. โ๏ธ Regulation remains murky: Institutions may stay cautious as U.S. policy hangs in limbo.
๐ฃ๏ธ Your turn:
Can Trump revive Crypto Week and reclaim momentum for U.S. crypto leadership?
๐ฌ Share your take ๐
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