The U.S. House of Representatives failed to pass a crucial procedural vote on July 15, 2025, to advance debate on major cryptocurrency legislation, despite President Trump's urging House Republicans to support it earlier that day.

🌟 The vote resulted in 196 in favor and 223 against, with 13 Republicans joining Democrats to block the proposal.

🌟 This setback is a significant blow to the crypto industry during what was anticipated as "Crypto Week."

🌟 The procedural vote was intended to pave the way for discussing bills like the GENIUS Act (focused on stablecoin regulation), the CLARITY Act (establishing a digital asset market structure), and the Anti-CBDC Surveillance State Act (prohibiting a central bank digital currency), with the goal of formally voting on the GENIUS Act this week.

🌟 This is not the end, as House leadership may reschedule the vote or revise the legislative package. However, the crypto bills are currently stalled, and the industry will need to regroup and garner additional support before another procedural vote can be attempted.
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