🚨 Crypto Legislation Stalls in U.S. House — Trump Responds with Sharp Criticism 😤📉
Today’s developments in Washington sent shockwaves through the crypto world.
Three major cryptocurrency-related bills failed to pass in the U.S. House, with a close vote of 196–223. This outcome halts several key regulatory initiatives:
🔹 GENIUS Act – Aimed at establishing stablecoin oversight
🔹 Digital Asset Market Clarity Act – Proposed framework for crypto exchange compliance
🔹 Anti-CBDC Surveillance State Act – Intended to prevent the creation of a federal digital currency
📌 Why This Matters:
Despite increasing bipartisan interest in crypto regulation, internal GOP divisions and opposition from Democrats ended any chance of debate on the floor.
Speaker Mike Johnson confirmed there will be no further discussion or revote today.
📉 Market Reaction:
Circle: ▼ 4%
Coinbase: ▼ 1.5%
Bitcoin: ▼ Nearly 3%
🔥 Trump’s Response:
Taking to Truth Social, Trump denounced the failed vote as a “devastating setback” and issued a warning:
“The GENIUS Act is our future. Any Republican voting NO is voting for China and against American innovation!”
He also emphasized that without swift action, the U.S. risks falling behind China 🇨🇳 and Europe 🇪🇺 in the digital asset race.
⏸️ Is This the End? Not Quite.
While Crypto Week has hit a roadblock, behind-the-scenes negotiations are ongoing. Trump has pledged to push for another vote in the near future.
🌍 What This Means:
The delay is significant, but not final.
Trump’s influence could reignite momentum.
The U.S. must choose: pioneer digital finance or risk being left behind.
💬 What’s Your Take?
Can Trump regroup support and revive these efforts? Is the U.S. falling behind in global crypto innovation? Drop your thoughts below. 👇
