House rejects crypto rule package despite Trump’s call, push for second vote later today
President Donald Trump urged House Republicans on July 15 to support a procedural motion that would advance three crypto bills during the chamber’s “Crypto Week,” but lawmakers resisted the bill in today’s voting session.
Trump wrote on Truth Social that “all Republicans should vote yes,” arguing that the GENIUS Act will keep the US “lightyears ahead” of China and Europe in digital asset regulation.
Leadership counts showed some libertarian‑leaning members swung against the rule after it merged the crypto bills with defense spending, despite Trump’s appeal.
Journalist Jake Sherman described the defeat as “a huge blow to crypto’s sway in D.C.” At the same time, seed investor Ryan Wallace said most dissenting votes came from House Freedom Caucus members who opposed bundling the bills with the defense‑spending measure and demanded separate debates.
Representative Chip Roy confirmed that stance, telling reporter Laura Weiss he wants “a hard ban” on a US central bank digital currency (CBDC) and sees the CLARITY Act as equally important. He added that opponents “need to be dealing with this all at once” and will seek future commitments before the GENIUS Act advances.
According to a Fox News report, Trump is “pissed” and is directly pressuring lawmakers who voted against the crypto rule package.
Rule vote stalls the combined package
The failed motion would have combined the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance Act with the fiscal year defense appropriation.
Speaker Mike Johnson said Republicans blocked the rule because “some members really want to emphasize the House’s product.”
Wallace rumored a revised rule for a second vote, and it might happen at about 5 P.M. ET.
The new proposal could decouple the defense bill or split the crypto measures, allowing each to receive individual debate time.
Should it pass, floor debate on the crypto measures could begin on July 16, with final votes aimed for later in the week.
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Filed under: Bitcoin - @ July 15, 2025 8:00 pm