Several cryptocurrency-related bills backed by President Donald Trump failed to clear a key procedural hurdle in the House of Representatives. The failure is a major blow to the crypto industry, which was hoping for a series of legislative wins this week. Trump had hailed ‘Crypto Week’ during a post on his Truth Social site and urged all House Republicans to vote “yes” on the measure. Storm clouds hover over the U.S. Capitol on July 1, 2025 in Washington, DC. Chip Somodevilla | Getty Images
Several cryptocurrency regulation bills backed by President Donald Trump on Tuesday failed to clear a key procedural hurdle in the House of Representatives, dealing a major blow to the crypto industry.
The final vote on the rule was 196-223, with 13 Republicans voting with Democrats to block the procedural motion. The measure