🧵 Crypto Legislation Delayed: What Happened and What’s Next
Yesterday, the U.S. House failed to move forward on major crypto bills (GENIUS Act, CLARITY Act, Anti-CBDC Surveillance State Act) due to procedural deadlock.
Here’s what went down — and what’s next. 👇
❗ Why It Failed
• A vote on the rule — needed to advance the bills — failed: 196 for vs. 223 against
• Conservative Republicans (Freedom Caucus) opposed separate votes
• They demanded a unified bill to prevent gaps — especially on CBDC restrictions
• Speaker Mike Johnson canceled the vote after internal GOP conflict
• “Make-up” votes were also canceled minutes before start
• Despite strong Senate support (GENIUS Act passed 68–30 in June), the House couldn’t start floor debate
💥 Market Reaction
• Crypto-related stocks dropped 1.5–5% (Circle, Coinbase, MicroStrategy)
• BTC pulled back ~3%
• Speaker Johnson said talks are ongoing and a revote is expected soon
🗓️ What’s Next?
• A new vote could come as early as tomorrow or early next week
• A compromise may merge 2–3 bills into one omnibus package
• Senate will wait for a finalized structure from the House before acting further
🔍 Key Takeaway
This isn’t a rejection of crypto legislation.
It’s procedural chaos within the GOP, delaying — but not derailing — regulatory progress.
The next vote is already being prepared.
📡 CivicNode Insight:
The market remains sensitive to D.C. signals.
Regulatory clarity is inevitable — the timeline is the only variable.
👇 Will a single omnibus crypto bill unlock faster adoption?
Let us know what you think.
#Crypto #Regulation #GENIUSAct #CBDC #BTC #CivicNode