Today’s session in Washington sent ripples across the crypto landscape.
A trio of highly anticipated bills just failed in the U.S. House, with the vote narrowly missing at 196–223. This outcome has slammed the brakes on long-awaited crypto regulations:
🔸 GENIUS Act — Designed to regulate stablecoins securely
🔸 Digital Asset Market Clarity Act — Framework for crypto exchange compliance
🔸 Anti-CBDC Surveillance State Act — An attempt to block a federal digital currency
📌 Why it matters?
Despite growing bipartisan attention to crypto, deep Republican infighting and Democrat resistance killed the motion before it could even be debated.
Speaker Mike Johnson confirmed: ❌ No further discussion or re-vote today.
📉 Immediate Market Fallout:
Circle fell by 4%
Coinbase dipped 1.5%
Bitcoin dropped nearly 3%
🔥 Trump’s Take? Red hot.
On Truth Social, Trump blasted the rejection as a “devastating setback” and issued a fiery call to action:
> “The GENIUS Act is our future. Any Republican voting NO is voting for China and against American innovation!”
He also emphasized the risk of global crypto leadership slipping to China 🇨🇳 or Europe 🇪🇺 if the U.S. fails to act now.
⏸️ Is this the end? Not yet.
Crypto Week is still alive—just temporarily frozen.
Behind the scenes, talks continue. Trump promises to push for another vote soon.
🌐 In the meantime, regulatory limbo may scare off major financial institutions, while other countries leap ahead.
🧭 What This Means:
1. This rejection stings—but it’s just a delay.
2. With Trump applying pressure, revival is very possible.
3. The U.S. faces a crossroads: lead the digital currency era—or get left behind.
💬 Your Thoughts?
Can Trump rally the troops and reignite Crypto Week?Will the U.S. fall behind in this global race?Let’s talk in the comments 👇
#toWeek #CryptoNews #TrumpOnCrypto #CryptoRegulation #BinanceHODLerERA
