The U.S. House of Representatives faces a procedural impasse on major crypto bills, with President Trump’s influence complicating bipartisan efforts.
On July 17, the U.S. House of Representatives faced a deadlock in procedural voting on critical cryptocurrency legislation, failing to reach consensus on three key bills. A motion to reconsider debate rules passed narrowly at 217-215, but the ultimate vote resulted in 210 in favor and 218 against, requiring Republicans to flip at least four votes to advance. The controversy centered around the stablecoin bill, particularly the Senate's GENIUS Act. Reports suggest President Trump reached an agreement with opposing lawmakers to merge anti-CBDC legislation with the Clarity Act, potentially jeopardizing Democratic support.